Celanese Corporation, a global technology and specialty materials company, announced that it successfully completed a debt transaction on July 15, 2016, to refinance its secured credit facility with a new credit facility consisting of a $500 million unsecured term loan and a $1 billion unsecured revolver, each maturing in July 2021. The existing secured credit facility was terminated accordingly.

“This transaction represents a key step in the progression towards our goal of an Investment Grade credit rating,” said Chris Jensen, Chief Financial Officer.

Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications.