Celanese Amends Revolving Credit Facility

* Reuters is not responsible for the content in this press release.

Tue Jun 30, 2009 5:30pm EDT

DALLAS--(Business Wire)--
Celanese Corporation (NYSE:CE), a leading, global chemical company, today
announced that Celanese US Holdings LLC, its wholly-owned subsidiary, has
amended its $650 million revolving credit facility. The amendment increased the
first lien senior secured leverage ratio for a period of six quarters, beginning
June 30, 2009 and ending December 31, 2010. In connection with the amendment,
the company agreed to lower the total revolver commitment to $600 million. 

"With Celanese`s strong cash position, we currently do not foresee a need to use
the facility, however, given the economic environment, we believe that this
amendment is prudent and enables us to preserve our existing sources of
additional liquidity," said Steven Sterin, senior vice president and chief
financial officer. 

About Celanese

As a global leader in the chemicals industry, Celanese Corporation makes
products essential to everyday living. Our products, found in consumer and
industrial applications, are manufactured in North America, Europe and Asia. Net
sales totaled $6.8 billion in 2008, with approximately 65% generated outside of
North America. Known for operational excellence and execution of its business
strategies, Celanese delivers value to customers around the globe with
innovations and best-in-class technologies. Based in Dallas, Texas, the company
employs approximately 8,000 employees worldwide. For more information on
Celanese Corporation, please visit the company's website at www.celanese.com.

Forward-Looking Statements

This release may contain "forward-looking statements," which include information
concerning the company`s plans, objectives, goals, strategies, future revenues
or performance, capital expenditures, financing needs and other information that
is not historical information.When used in this release, the words "outlook,"
"forecast," "estimates," "expects," "anticipates," "projects," "plans,"
"intends," "believes," and variations of such words or similar expressions are
intended to identify forward-looking statements.All forward-looking statements
are based upon current expectations and beliefs and various assumptions.There
can be no assurance that the company will realize these expectations or that
these beliefs will prove correct.There are a number of risks and uncertainties
that could cause actual results to differ materially from the forward-looking
statements contained in this release.Numerous factors, many of which are beyond
the company`s control, could cause actual results to differ materially from
those expressed as forward-looking statements.These factors include the
inability to obtain regulatory approvals of the transaction and satisfy
conditions on the proposed terms and schedule and the possibility that the
transaction does not close. Other risk factors include those that are discussed
in the company`s filings with the Securities and Exchange Commission.Any
forward-looking statement speaks only as of the date on which it is made, and
the company undertakes no obligation to update any forward-looking statements to
reflect events or circumstances after the date on which it is made or to reflect
the occurrence of anticipated or unanticipated events or circumstances.





Celanese Corporation
Investor Relations:
Mark Oberle, +1 972-443-4464
Telefax: +1 972-443-8519
Mark.Oberle@celanese.com
or
Media:
Travis Jacobsen, +1 972-443-3750
Telefax: +1 972 443 8519
William.Jacobsen@celanese.com

Copyright Business Wire 2009

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.