Celanese amends credit agreement, raising leverage covenant to 5.50:1.00 and basket to $1,050 million
On July 31, 2026, Celanese US Holdings, a subsidiary of Celanese, signed an amendment to its revolving credit agreement with Bank of America as administrative agent. The amendment raises the consolidated net leverage covenant to an initial 5.50:1.00 starting with the quarter ending March 31, 2027, and increases a debt basket for foreign and Chinese subsidiaries from $900 million to $1,050 million.
Key points
- Amendment dated July 31, 2026 amends the credit agreement dated August 11, 2025
- Net leverage covenant increases to an initial 5.50:1.00 from the quarter ending March 31, 2027 through maturity, with modified step-downs thereafter
- Combined debt basket for foreign subsidiary acquisitions and Chinese subsidiary corporate purposes rises from $900 million to $1,050 million
The filing
Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.