The Chemours Company's Senior Notes Offering and Redemption

On March 12, 2026, The Chemours Company completed a private offering of $700 million in aggregate principal amount of 7.875% Senior Notes due 2034. The net proceeds, along with existing cash, were used to redeem $188 million of 5.750% Senior Notes due 2028 for approximately $189.8 million. The remaining proceeds are earmarked for the redemption of approximately $500.3 million of 5.375% Senior Notes due 2027. The new notes were offered to qualified institutional buyers and institutional accredited investors. Interest on the new notes is payable semi-annually starting September 15, 2026, with maturity on March 15, 2034. The company retains the option to redeem the notes under specific conditions, including a "make-whole" premium before March 15, 2029, or at a premium using net proceeds from equity offerings. A Change of Control event coupled with a rating downgrade may trigger a mandatory repurchase offer at 101% of the principal amount. The Indenture governing the notes includes covenants restricting the company's ability to create liens and to consolidate, merge, or sell substantially all of its assets, subject to certain exceptions.