The Chemours Company (NYSE: CC), a global leader in industrial and specialty chemicals, has successfully finalized its previously announced private offering of $600 million in aggregate principal amount of 8.000% senior unsecured notes due in 2033. This offering, conducted under exemptions from the registration requirements of the Securities Act of 1933, represents a significant financial maneuver for the company, further strengthening its position in the industry.
The senior unsecured notes, referred to as the “Notes,” are Chemours’ financial obligations and come with guarantees from specific company subsidiaries. These guarantees enhance the security of the offering and underline the company’s commitment to financial discipline and strategic growth.
Purpose of the Offering
The proceeds from the offering are earmarked for strategic financial restructuring. Chemours intends to use the funds to redeem all of its outstanding euro-denominated 4.000% senior notes due 2026, totaling approximately €440.81 million. This includes accrued and unpaid interest up to the redemption date. Any remaining funds from the offering will be allocated for general corporate purposes, reinforcing Chemours’ financial flexibility to pursue growth and operational objectives.
Offering Details
The Notes and their related guarantees are not registered under the Securities Act or any state securities laws. As such, they are not available for public sale in the United States without proper registration or exemption. The Notes were offered exclusively to qualified institutional buyers under Rule 144A of the Securities Act and to non-U.S. entities pursuant to Regulation S under the same act.
Chemours emphasized that this announcement does not serve as an offer to sell or solicit any securities, nor does it provide a formal notice of redemption for the existing 2026 notes. Official notices of redemption will be issued to holders of those notes according to the governing indenture’s provisions.
About The Chemours Company
Headquartered in Wilmington, Delaware, The Chemours Company is a leading provider of industrial and specialty chemical products serving diverse global markets. These include coatings, plastics, refrigeration and air conditioning, transportation, semiconductors, advanced electronics, oil and gas, and general industrial applications.
Chemours operates through three major business segments:
- Thermal & Specialized Solutions
- Titanium Technologies
- Advanced Performance Materials
The company is renowned for its flagship brands, such as Opteon™, Freon™, Ti-Pure™, Nafion™, Teflon™, Viton™, and Krytox™, which are recognized for their quality and innovation worldwide. With approximately 6,100 employees and 28 manufacturing sites, Chemours serves over 2,700 customers across 110 countries, emphasizing its global footprint and industry relevance.
