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Celanese Prepays $100 Million in Bank Debt

Jul 18 2006

Celanese Corporation has announced that one of its subsidiaries has made a $100 million dollar equivalent voluntary prepayment of its term loan facility. The prepayment was made pursuant to BCP Crystal US Holdings Corp.'s senior credit agreement dated as of April 6, 2004, as amended and restated.

"Deleveraging our balance sheet is one of the top priorities in Celanese's overall financial strategy and this prepayment is consistent with this strategy," said John J. Gallagher III, executive vice president and chief financial officer.

http://www.celanese.com

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