secwatch.observer — SEC 8-K summary
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Issuer:     Celanese Corp (CE)
CIK:        0001306830
Form:       8-K
Filed at:   2026-08-04T20:05:55+00:00
Accession:  0001104659-26-090359
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Celanese amends credit agreement, raises leverage covenant to 5.50x and debt baskets to $1.05B
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- Consolidated net leverage ratio covenant set at 5.50:1.00 from Q1 2027 through Q3 2027, stepping down to 4.00:1.00 by Q1 2030.
- Combined debt baskets for foreign subsidiary acquisitions and Chinese subsidiary debt increased from $900M to $1,050M.
- Amendment effective July 31, 2026; required lenders consented.
- Covenant relief period extended through maturity unless company elects to terminate when leverage ≤3.50x.
- Up to two covenant increase periods allowed (to 4.25x) for qualifying acquisitions after leverage drops to 3.50x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1306830/000110465926090359/0001104659-26-090359-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1306830/000110465926090359/tm2622089d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-090359

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer