Celanese Initiates Tender Offers Worth Up to $1 Billion
Tender Offers Announcement: Celanese Corp. has initiated cash tender offers to repurchase up to $1 billion of its outstanding senior notes due in 2027 and 2028, with a specific cap of $100 million for the 2028 notes.
Tender Offer Details: Holders who tender by December 15 will receive $1,037.50 per $1,000 for the 2027 notes and $1,055.00 per $1,000 for the 2028 notes, including early-tender payments.
Expiration and Settlement: The tender offers will expire on December 31, with early settlement expected on December 17 and final settlement on January 5, contingent on a concurrent debt financing condition.
Market Reaction: Following the announcement, Celanese's stock price decreased by 0.74% to $41.52 in pre-market trading on the New York Stock Exchange.
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- Earnings Announcement: Celanese is set to release its Q4 2023 earnings on February 17 after market close, with consensus EPS estimate at $0.91, reflecting a 37.2% year-over-year decline, and revenue estimate at $2.25 billion, down 5.1% year-over-year, indicating significant profitability pressures.
- Historical Performance Review: Over the past two years, Celanese has beaten EPS estimates 63% of the time but only 38% for revenue, suggesting considerable volatility in its earnings performance, which may impact investor confidence moving forward.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen three upward revisions and ten downward revisions, while revenue estimates have had no upward revisions and eleven downward revisions, reflecting a pessimistic outlook from the market regarding Celanese's future performance.
- Market Environment Impact: The deep freeze in Texas has knocked energy and industrial operations offline, potentially exacerbating operational challenges for Celanese, particularly in its key markets, which could further affect its performance outlook.
- Price Increase Announcement: Celanese Corporation has announced price increases for various products and their derivatives in the Western Hemisphere, with acetic acid, vinyl acetate monomer, acetic anhydride, and esters seeing price hikes of $50 to $100 per metric ton, which is expected to enhance overall revenue.
- Market Coverage: The price increases apply to markets in the USA, Canada, Mexico, and South America, demonstrating Celanese's pricing power in its global operations aimed at addressing rising raw material costs.
- Customer Communication Strategy: The company will communicate price adjustments for derivative products to affected customers on an individual basis, ensuring timely awareness of price changes and maintaining strong customer relationships.
- Commitment to Sustainability: Celanese is committed to responsibly managing materials and expanding its portfolio of sustainable products to meet customer and societal demands, further solidifying its leadership position in the chemical industry.
- Price Increase Announcement: Celanese Corporation has announced price increases for various chemical products and their derivatives in the Americas, with acetic acid, vinyl acetate monomer, acetic anhydride, and esters seeing price hikes of $50 to $100 per metric ton, which is expected to enhance overall revenue.
- Market Coverage: The price increases apply to markets in the USA, Canada, Mexico, and South America, demonstrating Celanese's strong pricing power in the global chemicals market and aiming to address pressures from rising raw material costs.
- Customer Communication Strategy: The company will communicate price adjustments for derivative products to affected customers on an individual basis, ensuring timely awareness of price changes to maintain customer relationships and market trust.
- Company Background: Celanese is a Fortune 500 company with projected net sales of $10.3 billion in 2024 and over 11,000 employees, committed to sustainability and innovation, thereby enhancing its competitiveness in the global market.
- Significant Transaction Value: Celanese has completed the divestiture of its Micromax business for approximately $500 million in cash, which not only strengthens the company's balance sheet but also provides funding for future deleveraging efforts.
- Clear Strategic Priorities: CEO Scott Richardson stated that this transaction reflects the company's commitment to cash generation and deleveraging, while also laying the groundwork for the Micromax team to continue its development under Element Solutions.
- Industry Leadership: As a global leader in chemistry, Celanese is dedicated to providing specialty material solutions across major industries and consumer applications, and this divestiture is expected to further optimize its business portfolio.
- Commitment to Sustainability: Celanese emphasizes its efforts in sustainability by responsibly managing materials and expanding its portfolio of sustainable products to meet customer and societal demands, showcasing its positive impact on communities.

- Price Announcement: Celanese has announced a price increase for polyamide products due to rising energy and feedstock costs, with effective increases of $0.25/kg for Polyamide-6 and $0.20/kg for Polyamide-6,6 starting February 1, 2026, aimed at alleviating cost pressures and maintaining profitability.
- Regional Supply Chain Advantage: In the current dynamic market environment, Celanese is well-positioned to support customer needs through its regional supply chains and manufacturing capabilities, ensuring product supply stability and enhancing customer trust and market competitiveness.
- Sustainability Commitment: Celanese is committed to sustainability by responsibly managing materials and expanding its portfolio of sustainable products to meet customer and societal demands, further enhancing its brand image and market recognition.
- Company Scale and Impact: As a Fortune 500 company, Celanese employs over 11,000 people globally, with projected net sales of $10.3 billion in 2024, demonstrating its strong market position in the chemicals and specialty materials sector.

- Price Increase Rationale: Celanese announces a price increase for polyamide products due to rising energy and feedstock costs, with increases of $0.25/kg in the Americas and €0.25/kg in EMEA, demonstrating the company's responsiveness to market dynamics.
- Implementation Timeline: The price adjustments will take effect on February 1, 2026, or as contracts allow, indicating the company's flexibility in contract management to adapt to market changes.
- Product Range: The price increase applies to various polyamide products, including Zytel®, Frianyl®, and Celanyl®, reflecting the company's extensive influence and product diversity across multiple market segments.
- Company Overview: Celanese is a global leader in specialty materials and chemicals, with projected net sales of $10.3 billion in 2024, showcasing its strong market position and commitment to sustainability.



