WILMINGTON, Del., Aug. 18, 2021 /PRNewswire/ — The Chemours Company («Chemours») (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials, and Chemical Solutions, today announced it has completed its previously announced private offering (the «offering») of $650 million in aggregate principal amount of 4.625% senior unsecured notes due 2029 that was exempt from the registration requirements of the Securities Act of 1933, as amended (the «Securities Act»). The notes are Chemours' senior unsecured obligations and are guaranteed by certain of its subsidiaries.
The net proceeds of the offering are expected to be used, together with cash on hand, (i) to fund the purchase price and accrued and unpaid interest for any and all of Chemours' outstanding 7.000% senior notes due 2025 (the «existing 2025 notes») validly tendered and accepted for payment pursuant to Chemours' previously announced cash tender offer for any and all of the existing 2025 notes (the «Tender Offer») and (ii) to the extent applicable, to fund the redemption price and accrued and unpaid interest for any existing 2025 notes that remain outstanding after the completion or termination of the Tender Offer.