Celanese Extends Debt Maturities Through $1.4 Billion Refinancing

Celanese Corporation CE announced the successful completion of transactions that were aimed at extending its debt maturity profile to improve liquidity. On Dec. 17, 2025, Celanese US Holdings LLC, CE’s subsidiary, completed a registered offering of $1.4 billion of notes. It comprises of $600 million of 7.00% Senior Notes due 2031 and $800 million of 7.38% Senior Notes due 2034.The net proceeds from the offering, paired with available cash, will be used to purchase $946 million of the Issuer’s 6.67% Senior Notes due 2027 and $254 million of 6.85% Senior Notes due 2028. It will also help retire the remaining $130 million outstanding under the company’s five-year term loan due 2027. Funds will also be applied toward related fees and expenses.Following the completion of these transactions, Celanese expects the average maturity of its debt to extend from 4.1 years to 4.7 years and a reduction of total debt maturities between 2026 and 2028 from $4.7 billion to $3.4 billion. The expected effective total net borrowing rate will increase approximately 2 basis points, to about 5.31%.The transactions will align with Celanese’s conservative outlook for free cash flow generation and divestiture proceeds, while pursuing reduction of net debt to 3x Operating EBITDA. The company will remain committed to cash generation and EBITDA growth and deploy all available cash proceeds to bring down leverage.CE’s shares have lost 37% over the past year compared with the industry’s 1.5% decline.Image Source: Zacks Investment ResearchCE’s Zacks Rank & Key PicksCE currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the Basic Materials space are Kinross Gold Corporation KGC, Fortuna Mining Corp. FSM and Equinox Gold Corp. EQX.At present, KGC sports a Zacks Rank #1 (Strong Buy), while FSM and EQX carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for KGC’s current-year earnings is pegged at $1.67 per share, indicating a rise of 145.59%. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing once, with an average surprise of 17.37%. KGC’s shares have gained 204.8% over the past year.The Zacks Consensus Estimate for FSM’s current fiscal-year earnings is pinned at 76 cents per share, indicating a 65.22% year-over-year increase. Its shares have surged 122.2% over the past year.The Zacks Consensus Estimate for EQX’s current-year earnings stands at 54 cents per share, implying a 170% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, with the average earnings surprise of 87%.Zacks' Research Chief Picks Stock Most Likely to "At Least Double"Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren’t winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%.See Our Top Stock to Double (Plus 4 Runners Up) >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Kinross Gold Corporation (KGC): Free Stock Analysis Report Celanese Corporation (CE): Free Stock Analysis Report Fortuna Mining Corp. (FSM): Free Stock Analysis Report Equinox Gold Corp. (EQX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks