July 1, 2009 (FinancialWire) — Chemical maker Celanese Corp. (NYSE: CE) said that its Celanese US Holdings LLC, subsidiary has amended its $650 million revolving credit facility. The amendment increased the first lien senior secured leverage ratio for a period of six quarters, beginning June 30, 2009 and ending December 31, 2010.

In connection with the amendment, the company agreed to lower the total revolver commitment to $600 million.

Dallas-based Celanese makes products found in consumer and industrial applications, and has manufacturing facilities in North America, Europe and Asia.

The company employs around 8,000 employees worldwide.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.