( BW)(TX-CELANESE)(CE) Crystal US Holdings 3 L.L.C. and Crystal US Sub 3 Corp. Extend Exchange Offer for Their 10% Series A Senior Discount Notes Due 2014 and 10 1/2% Series B Senior Discount Notes Due 2014
Business Editors
DALLAS--(BUSINESS WIRE)--May 31, 2005--Crystal US Holdings 3 L.L.C. and Crystal US Sub 3 Corp., subsidiaries of Celanese Corporation (NYSE:CE), announced today that they extended the expiration date of their offer to exchange all of their outstanding 10% Series A Senior Discount Notes due 2014 and 10 1/2% Series B Senior Discount Notes due 2014 (collectively, the "Outstanding Notes") for an equal principal amount at maturity of their 10% Series A Senior Discount Notes due 2014 and 10 1/2% Series B Senior Discount Notes due 2014, respectively, which have been registered under the Securities Act of 1933 (collectively, the "Exchange Notes").
As a result of the extension, the exchange offer is now scheduled to expire at 5 p.m., New York City time, on June 7, 2005, unless further extended
The exchange offer was originally set to expire at 5:00 p.m., New York City time, on May 27, 2005. As of this date, tenders of approximately $95.1 million aggregate principal amount at maturity, or 89.8%, of the outstanding 10% Series A Senior Discount Notes due 2014 and approximately $441.8 million aggregate principal amount at maturity, or 98.5%, of the outstanding 10 1/2% Series B Senior Discount Notes due 2014, in each case excluding tenders pursuant to the guaranteed delivery procedure, have been received pursuant to the exchange offer. Except for the extension of the expiration date, all of the other terms of the exchange offer remain as set forth in the exchange offer prospectus.
This press release is not an offer to exchange the Exchange Notes for the Outstanding Notes or the solicitation of an offer to exchange, which we are making only through the exchange offer prospectus
Copies of the exchange offer prospectus and related documents may be obtained from The Bank of New York, as exchange agent for the exchange offer, at the following address:
By Registered or Certified | By Facsimile | By Overnight Courier or |
Mail: | Transmission: | Hand Delivery: |
The Bank of New York | | The Bank of New York |
Corporate Trust Operations | 212-298-1915 | Corporate Trust |
Reorganization Unit | | Operations |
101 Barclay Street--7 East | To Confirm by | Reorganization Unit |
New York, NY 10286 | Telephone: | 101 Barclay Street--7 |
Attn: Giselle Guadalupe | | East |
Telephone: 212-815-6331 | 212-815-6331 | New York, NY 10286 |
| | Attn: Giselle Guadalupe |
| | Telephone: 212-815-6331 |
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 Except for historical information contained herein, the matters set forth in this news release are forward-looking statements.
The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the company's Safe Harbor Compliance Statement for Forward-looking Statements included in the company's filings with the Securities and Exchange Commission.
The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements
CONTACT:
Celanese Corporation
Media:
USA Jeanne Cullers, 972-443-4824 Telefax: 972-443-8519 [email protected]
or
Europe Michael Kraft, +49 (0)69/305-14072 Telefax: +49 (0)69/305 36787 [email protected]
or
Investors: Mark Oberle, 972-443-4464 Telefax: 972-443-8519 [email protected]
or
Andrea Stine, 908-901-4504 Telefax: 908-901-4805 [email protected]
KEYWORD: TEXAS
INDUSTRY KEYWORD: BANKING
SOURCE: Celanese Corporation