{"id":791315,"date":"2024-11-29T16:33:17","date_gmt":"2024-11-29T21:33:17","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/the-chemours-company-announces-completion-of-u-s-dollar-denominated-term-loan-repricing\/"},"modified":"2024-11-29T16:33:17","modified_gmt":"2024-11-29T21:33:17","slug":"the-chemours-company-announces-completion-of-u-s-dollar-denominated-term-loan-repricing","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-chemours-company-announces-completion-of-u-s-dollar-denominated-term-loan-repricing\/","title":{"rendered":"The Chemours Company Announces Completion of U.S. Dollar-denominated Term Loan Repricing"},"content":{"rendered":"

<\/p>\n

The Chemours Company Announces Completion of U.S. Dollar-denominated Term Loan Repricing<\/b><\/p>\n

WILMINGTON, Del.–(BUSINESS WIRE<\/a>)–
\nThe Chemours Company (Chemours) (NYSE: CC) today announced the successful repricing of its Tranche B-3 U.S. Dollar-denominated Term Loan under its senior secured term loan facility due in August 2028.<\/p>\n

\nThe repricing reduces the applicable margin in respect of the Company\u2019s $1,070,000,000 senior secured U.S. dollar-denominated term loan facility, the \u201cTerm Loan B-3 US$ Facility,\u201d from, at the election of the Company, adjusted Term SOFR + 3.50% to adjusted Term SOFR + 3.00%, or adjusted base rate plus 2.50% to adjusted base rate plus 2.00%. There are no changes to the maturity of the Term Loan B-3 US$ Facility following this repricing, and all other terms are substantially unchanged.<\/p>\n

About The Chemours Company
\n
<\/b>The Chemours Company (NYSE: CC) is a global leader in providing industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and advanced electronics, general industrial, and oil and gas. Through our three businesses \u2013 Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials \u2013 we deliver application expertise and chemistry-based innovations that solve customers\u2019 biggest challenges. Our flagship products are sold under prominent brands such as Opteon\u2122, Freon\u2122, Ti-Pure\u2122, Nafion\u2122, Teflon\u2122, Viton\u2122, and Krytox\u2122. Headquartered in Wilmington, Delaware and listed on the NYSE under the symbol CC, Chemours has approximately 6,100 employees and 28 manufacturing sites and serves approximately 2,700 customers in approximately 110 countries.<\/p>\n

\nFor more information, we invite you to visit chemours.com<\/a> or follow us on X (formerly Twitter) @Chemours<\/a> or LinkedIn<\/a>.<\/p>\n

Forward-Looking Statements
\n
<\/b>This press release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to a historical or current fact. The words \u201cbelieve,\u201d \u201cexpect,\u201d \u201cwill,\u201d \u201canticipate,\u201d \u201cplan,\u201d \u201cestimate,\u201d \u201ctarget,\u201d \u201cproject\u201d and similar expressions, among others, generally identify \u201cforward-looking statements,\u201d which speak only as of the date such statements were made. Forward-looking statements are based on certain assumptions and expectations of future events that may not be accurate or realized. Forward-looking statements also involve risks and uncertainties, many of which are beyond Chemours\u2019 control. Additionally, there may be other risks and uncertainties that Chemours is unable to identify at this time or that Chemours does not currently expect to have a material impact on its business. Factors that could cause or contribute to these differences include the risks, uncertainties and other factors discussed in Chemours\u2019 filings with the U.S. Securities and Exchange Commission, including in Chemours\u2019 Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, and in Chemours\u2019 Annual Report on Form 10-K for the year ended December 31, 2023. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20241129945492\/en\/<\/a><\/span><\/p>\n

INVESTORS
\n<\/b>
Brandon Ontjes
\n<\/i>
Vice President, Investor Relations
\n<\/i>
+1.302.773.3300
\n<\/i>
investor@chemours.com<\/a><\/i><\/p>\n

Kurt Bonner
\n<\/i>
Manager, Investor Relations
\n<\/i>
+1.302.773.0026
\n<\/i>
investor@chemours.com<\/a><\/i><\/p>\n

NEWS MEDIA
\n<\/b>
Cassie Olszewski
\n<\/i>
Media Relations & Reputation Leader
\n<\/i>
+1.302.219.7140
\n<\/i>
media@chemours.com<\/a><\/i><\/p>\n

KEYWORDS:<\/b> United States North America Delaware<\/p>\n

INDUSTRY KEYWORDS:<\/b> Professional Services Communications Chemicals\/Plastics Manufacturing Finance Other Manufacturing Public Relations\/Investor Relations<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

The Chemours Company Announces Completion of U.S. Dollar-denominated Term Loan Repricing WILMINGTON, Del.–(BUSINESS WIRE)– The Chemours Company (Chemours) (NYSE: CC) today announced the successful repricing of its Tranche B-3 U.S. Dollar-denominated Term Loan under its senior secured term loan facility due in August 2028. The repricing reduces the applicable margin in respect of the Company\u2019s $1,070,000,000 senior secured U.S. dollar-denominated term loan facility, the \u201cTerm Loan B-3 US$ Facility,\u201d from, at the election of the Company, adjusted Term SOFR + 3.50% to adjusted Term SOFR + 3.00%, or adjusted base rate plus 2.50% to adjusted base rate plus 2.00%. There are no changes to the maturity of the Term Loan B-3 US$ Facility following this repricing, and all other terms … <\/p>\n

Continue reading “The Chemours Company Announces Completion of U.S. Dollar-denominated Term Loan Repricing”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-791315","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nThe Chemours Company Announces Completion of U.S. Dollar-denominated Term Loan Repricing - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-chemours-company-announces-completion-of-u-s-dollar-denominated-term-loan-repricing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Chemours Company Announces Completion of U.S. Dollar-denominated Term Loan Repricing - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"The Chemours Company Announces Completion of U.S. Dollar-denominated Term Loan Repricing WILMINGTON, Del.–(BUSINESS WIRE)– The Chemours Company (Chemours) (NYSE: CC) today announced the successful repricing of its Tranche B-3 U.S. Dollar-denominated Term Loan under its senior secured term loan facility due in August 2028. The repricing reduces the applicable margin in respect of the Company\u2019s $1,070,000,000 senior secured U.S. dollar-denominated term loan facility, the \u201cTerm Loan B-3 US$ Facility,\u201d from, at the election of the Company, adjusted Term SOFR + 3.50% to adjusted Term SOFR + 3.00%, or adjusted base rate plus 2.50% to adjusted base rate plus 2.00%. 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