Item 1.01 Entry into a Material Definitive Agreement.
On November 7, 2012, Celanese Corporation ("Celanese"), its wholly-owned
subsidiary Celanese US Holdings LLC (the "Issuer"), and certain subsidiaries of
the Issuer (the "Guarantors" and, together with Celanese and the Issuer, the
"Company Parties"), entered into an Underwriting Agreement with Deutsche Bank
Securities Inc., as representative of the several underwriters named therein
(collectively, the "Underwriters"), providing for the offer and sale by the
Issuer of $500,000,000 aggregate principal amount of 4.625% Senior Notes due
2022 (the "Notes"). The offering of the Notes was registered under the
Securities Act of 1933, as amended, and is being made pursuant to the
Registration Statement on Form S-3, Reg. Nos. 333-173822 and 333-173822-01
through 333-173822-15, and the Prospectus included therein, filed by the Company
Parties with the Securities and Exchange Commission ("Commission") on April 29,
2011, the related Prospectus Supplement dated November 7, 2012, and the Free
Writing Prospectus accepted for filing by the Commission on November 8, 2012.
The Notes have been issued under an Indenture, dated as of May 6, 2011 ("Base
Indenture"), among Celanese, the Issuer, and Wells Fargo Bank, National
Association, as trustee (the "Trustee"), as amended by a Second Supplemental
Indenture, dated as of November 13, 2012 ("Second Supplemental Indenture"),
among the Company Parties and the Trustee (the Base Indenture and Second
Supplemental Indenture collectively referred to as the "Indenture"). The
issuance and sale of the Notes closed on November 13, 2012. A copy of the Base
Indenture was previously filed as Exhibit 4.2 to Celanese's current report on
Form 8-K filed with the Commission on May 6, 2011 and is incorporated herein by
reference. The form of Note and the Second Supplemental Indenture are filed as
Exhibits 4.1 and 4.2 to this Current Report and are incorporated herein by
reference.
The Underwriting Agreement includes customary representations, warranties and
covenants by the Company Parties. It also provides for customary indemnification
by each of the Company Parties and the Underwriters against certain liabilities
arising out of or in connection with the sale of the Notes and customary
contribution provisions in respect of those liabilities.
The foregoing description of the material terms of the Underwriting Agreement is
qualified in its entirety by reference to the Underwriting Agreement which is
filed as Exhibit 1.1 to this Current Report and is incorporated herein by
reference. Certain of the Underwriters and their related entities have engaged
and may engage in various financial advisory, commercial banking and investment
banking transactions with the Company Parties in the ordinary course of their
business, for which they have received, or will receive, customary compensation
and expenses.
Item 7.01 Regulation FD Disclosure.*
On November 13, 2012, Celanese issued a press release announcing the closing of
the issuance and sale of the Notes. A copy of the press release is furnished
with this Current Report as Exhibit 99.1.
Item 8.01 Other Events.
The opinion and consent of Gibson, Dunn & Crutcher LLP in connection with the
validity of the Notes offered under the Registration Statement are filed as
Exhibits 5.1 and 23.1, respectively, to this Current Report and are incorporated
herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit
Number Description
1.1 Underwriting Agreement, dated November 7, 2012, by and among Celanese
US Holdings LLC, Celanese Corporation, the subsidiary guarantors
party thereto and Deutsche Bank Securities Inc., as representative of
the several underwriters named therein.
4.1 Form of 4.625% Senior Note due 2022.
4.2 Second Supplemental Indenture, dated as of November 13, 2012, among
Celanese US Holdings LLC, Celanese Corporation, the subsidiary
guarantors party thereto and Wells Fargo Bank, National Association,
as trustee.
5.1 Opinion of Gibson, Dunn & Crutcher LLP, dated November 13, 2012.
23.1 Consent of Gibson, Dunn & Crutcher LLP (included in Exhibit 5.1).
99.1 Press Release, dated November 13, 2012.*
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* The information in Item 7.01 of this Current Report, including
Exhibit 99.1 attached hereto, is being furnished and shall not be deemed
"filed" for purposes of Section 18 of the Securities Exchange Act of 1934,
as amended (the "Exchange Act"), or otherwise subject to the liabilities
of such section. The information in Item 7.01 of this Current Report,
including Exhibit 99.1 attached hereto, shall not be incorporated by
reference into any filing under the Securities Act of 1933, as amended, or
the Exchange Act, regardless of any incorporation by reference language in
any such filing. The disclosure in Item 7.01 of this Current Report will
not be deemed an admission as to the materiality of any information in
this Current Report that is required to be disclosed solely by
Regulation FD.