sv3asr
As filed with the Securities and Exchange Commission on
April 29, 2011
Registration
No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
FORM S-3
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
CELANESE CORPORATION
(Exact name of registrant as
specified in its charter)
|
|
|
Delaware
(State or other jurisdiction
of
incorporation or organization)
|
|
98-0420726
(I.R.S. Employer
Identification Number)
|
CELANESE US HOLDINGS
LLC
(Exact name of registrant as
specified in its charter)
|
|
|
Delaware
(State or other jurisdiction
of
incorporation or organization)
|
|
20-1206848
(I.R.S. Employer
Identification Number)
|
Co-registrants are listed on Schedule A hereto.
(Exact name of registrant as
specified in its charter)
1601 West LBJ Freeway
Dallas, Texas 75234
(972) 443-4000
(Address, including zip
code, and telephone number, including area code, of
registrants principal executive offices)
James R. Peacock III
Vice President, Deputy General Counsel and Assistant Corporate
Secretary
Celanese Corporation
1601 West LBJ Freeway
Dallas, Texas 75234
(972) 443-4000
(Name, address, including
zip code, and telephone number, including area code, of agent
for service)
With a copy to:
Andrew L. Fabens, Esq.
Gibson, Dunn & Crutcher LLP
200 Park Avenue
New York, NY
10166-0193
(212) 351-4000
Approximate date of commencement of proposed sale to the
public: From time to time after the effective date of this
Registration Statement.
If the only securities being registered on this Form are being
offered pursuant to dividend or interest reinvestment plans,
please check the following
box. o
If any of the securities being registered on this Form are being
offered on a delayed or continuous basis pursuant to
Rule 415 under the Securities Act of 1933, other than
securities offered only in connection with dividend or interest
reinvestment plans, check the following
box. þ
If this Form is filed to register additional securities for an
offering pursuant to Rule 462(b) under the Securities Act,
please check the following box and list the Securities Act
registration statement number of the earlier effective
registration statement for the same
offering. o
If this Form is a post-effective amendment filed pursuant to
Rule 462(c) under the Securities Act, check the following
box and list the Securities Act registration statement number of
the earlier effective registration statement for the same
offering. o
If this Form is a registration statement pursuant to General
Instruction I.D. or a post-effective amendment thereto that
shall become effective upon filing with the Commission pursuant
to Rule 462(e) under the Securities Act, check the
following
box. þ
If this Form is a post-effective amendment to a registration
statement filed pursuant to General Instruction I.D. filed
to register additional securities or additional classes of
securities pursuant to Rule 413(b) under the Securities
Act, check the following
box. o
Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated
filer, or a smaller reporting company. See the definitions of
large accelerated filer, accelerated
filer and smaller reporting company in
Rule 12b-2
of the Exchange Act. (Check one):
|
|
|
|
|
|
|
Large accelerated filer
þ
|
|
Accelerated filer
o
|
|
Non-accelerated filer
o
|
|
Smaller reporting company
o
|
|
|
(Do not check if a smaller reporting company)
|
CALCULATION
OF REGISTRATION FEE
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proposed
|
|
|
|
Proposed
|
|
|
|
|
|
|
|
|
|
|
|
|
maximum
|
|
|
|
maximum
|
|
|
|
|
|
|
|
|
Amount to be
|
|
|
|
offering price
|
|
|
|
aggregate
|
|
|
|
Amount of
|
|
Title of each class of securities to be registered
|
|
|
registered
|
|
|
|
per unit
|
|
|
|
offering price
|
|
|
|
registration fee
|
|
Series A Common Stock (par value $0.0001 per share) and
Preferred Stock (par value $0.01 per share) of Celanese
Corporation
|
|
|
|
(1
|
)
|
|
|
|
(1
|
)
|
|
|
|
(1
|
)
|
|
|
|
(1
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Securities of Celanese US Holdings LLC and Guarantees of
Debt Securities(2)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1)
|
|
An indeterminate aggregate initial
offering price or number of securities of each identified class
is being registered as may from time to time be offered at
indeterminate prices. There is also being registered hereby such
indeterminate number of shares of Series A common stock and
preferred stock as may be issued pursuant to anti-dilution
provisions of registered securities, or upon conversion or
exchange of debt securities of Celanese US Holdings or preferred
stock, in accordance with the terms of such registered
securities, as the case may be. In addition, pursuant to
Rule 416 under the Securities Act of 1933, as amended
(Securities Act), the securities registered hereunder include
such indeterminate number of securities as may be issuable with
respect to the securities being registered hereunder as a result
of stock splits, stock dividends or similar transactions. The
Registrants are deferring payment of the registration fee
pursuant to Rule 456(b) and are omitting this information
in reliance on Rule 456(b) and Rule 457(r) under the
Securities Act.
|
(2)
|
|
The debt securities will be
guaranteed by Celanese Corporation, which is the parent of
Celanese US Holdings LLC, and may be guaranteed by the direct
and indirect wholly-owned subsidiaries of Celanese US Holdings
LLC listed on the following page. Pursuant to Rule 457(n)
under the Securities Act, no separate fee for the guarantees is
payable.
|
Schedule A
Subsidiary Guarantors
The following direct and indirect wholly-owned subsidiaries of
Celanese US Holdings LLC may guarantee the debt securities
issued hereunder and are co-registrants with Celanese
Corporation and Celanese US Holdings LLC under this registration
statement.
|
|
|
|
|
|
|
Jurisdiction of
|
|
I.R.S. Employer
|
Name
|
|
Formation
|
|
Identification No.
|
|
Celanese Americas LLC
|
|
Delaware
|
|
22-1862783
|
Celanese Acetate LLC
|
|
Delaware
|
|
56-2051387
|
Celanese Chemicals, Inc.
|
|
Delaware
|
|
13-2916623
|
Celanese Fibers Operations LLC
|
|
Delaware
|
|
13-3373680
|
CNA Holdings LLC
|
|
Delaware
|
|
13-5568434
|
Celanese International Corporation
|
|
Delaware
|
|
75-2622529
|
Celtran, Inc.
|
|
Delaware
|
|
56-0818166
|
CNA Funding LLC
|
|
Delaware
|
|
22-3847453
|
KEP Americas Engineering Plastics, LLC
|
|
Delaware
|
|
22-3537574
|
Ticona Fortron Inc.
|
|
Delaware
|
|
22-3140276
|
Ticona Polymers, Inc.
|
|
Delaware
|
|
13-3313358
|
Ticona LLC
|
|
Delaware
|
|
22-3546190
|
Celanese Global Relocation LLC
|
|
Delaware
|
|
41-2243055
|
Celanese Ltd.
|
|
Texas
|
|
75-2622526
|
PROSPECTUS
Celanese Corporation
SERIES A
COMMON STOCK
PREFERRED STOCK
GUARANTEES OF DEBT SECURITIES
Celanese US Holdings
LLC
DEBT
SECURITIES
Celanese Corporation
and/or
Celanese US Holdings LLC, a wholly-owned subsidiary of Celanese
Corporation, may offer from time to time to sell one or more of
the securities described in this prospectus separately or
together in any combination. The direct and indirect
wholly-owned subsidiaries of Celanese US Holdings LLC that are
identified as co-registrants in the registration statement
containing this prospectus may guarantee the debt securities of
Celanese US Holdings LLC.
Each time we offer securities using this prospectus, we will
provide specific terms and offering prices in supplements to
this prospectus. The prospectus supplements may also add, update
or change the information contained in this prospectus and will
also describe the specific manner in which we will offer these
securities. You should carefully read this prospectus and the
applicable prospectus supplement, including the information
incorporated by reference, prior to investing in our securities.
We may offer and sell the securities on a continuous or delayed
basis directly to investors or through underwriters, dealers or
agents, or through a combination of these methods. The names of
any underwriters, dealers or agents will be included in a
prospectus supplement. If any agents, dealers or underwriters
are involved in the sale of any securities, the applicable
prospectus supplement will set forth any commissions or
discounts.
Celanese Corporations Series A common stock is listed
on the New York Stock Exchange under the symbol CE.
The principal executive offices of Celanese Corporation and
Celanese US Holdings LLC are located at 1601 West LBJ
Freeway, Dallas, Texas 75234, and the telephone number for each
is
(972) 443-4000.
Investing in our securities involves risks. We discuss risk
factors relating to our company in filings we make with the
Securities and Exchange Commission, including under Risk
Factors in our most recently filed Annual Report on
Form 10-K
and in our subsequent periodic filings. The prospectus
supplement relating to a particular offering of securities may
discuss certain risks of investing in those securities. You
should carefully consider these risk factors and risks before
deciding to purchase any securities.
Neither the Securities and Exchange Commission nor any state
securities commission has approved or disapproved of these
securities or determined if this prospectus is truthful or
complete. Any representation to the contrary is a criminal
offense.
The date of this prospectus is
April 29, 2011.
IMPORTANT
INFORMATION ABOUT THIS PROSPECTUS
This prospectus is part of a registration statement that we
filed with the Securities and Exchange Commission (SEC) as a
well-known seasoned issuer as defined in
Rule 405 under the Securities Act of 1933, as amended
(Securities Act), using a shelf registration
process. Under this shelf process, we may sell any combination
of the securities described in this prospectus in one or more
offerings. This prospectus provides you with a general
description of the securities offered by us. Each time we sell
securities, we will provide a prospectus supplement that will
contain specific information about the terms of that offering.
The prospectus supplement may also add to, update or change
information contained in this prospectus; accordingly, to the
extent inconsistent, information in this prospectus is
superseded by the information in the prospectus supplement. The
prospectus supplement to be attached to the front of this
prospectus may describe, as applicable: the terms of the
securities offered, the initial public offering price, the price
paid for the securities by any underwriters, net proceeds, the
plan of distribution and the other specific terms related to the
offering of the securities.
You should rely only on the information in this prospectus, and
any supplement to this prospectus, including the information
incorporated by reference. We have not authorized any other
person to provide you with different information. If anyone
provides you with different or inconsistent information, you
should not rely on it. We are not making an offer to sell the
securities in any jurisdiction where the offer or sale is not
permitted. You should assume that the information appearing or
incorporated by reference in this prospectus and any prospectus
supplement is accurate only as of the date indicated on the
front cover of these documents or the date of the document
incorporated by reference. Our business, financial condition,
results of operations, and other information contained in the
prospectus and any prospectus supplement may have changed since
that date.
As used throughout this prospectus, unless the context otherwise
requires or indicates:
|
|
|
|
|
Celanese means Celanese Corporation, and not its
subsidiaries;
|
|
|
|
Celanese US means Celanese US Holdings LLC, a
wholly-owned subsidiary of Celanese, and not its
subsidiaries; and
|
|
|
|
Company, we, our and
us refer to Celanese and its subsidiaries, including
Celanese US, on a consolidated basis.
|
SPECIAL
NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain parts of this prospectus and any prospectus supplement,
and the documents incorporated by reference contain
forward-looking statements, as defined in Section 27A of
the Securities Act, Section 21E of the Securities Exchange
Act of 1934, as amended (Exchange Act), and the Private
Securities Litigation Reform Act of 1995. You can identify these
statements by the fact that they do not relate to matters of a
strictly factual or historical nature and generally discuss or
relate to forecasts, estimates or other expectations regarding
future events. Generally, words such as anticipate,
believe, estimate, expect,
intend, plan, project,
may, can, could,
might, will and similar expressions, as
they relate to us, are intended to identify forward-looking
statements. These statements reflect our current views and
beliefs with respect to future events at the time that the
statements are made, are not historical facts or guarantees of
future performance and are subject to significant risks,
uncertainties and other factors that are difficult to predict
and many of which are outside of our control. Further, certain
forward-looking statements are based upon assumptions as to
future events that may not prove to be accurate and,
accordingly, should not have undue reliance placed upon them.
The following factors could cause our actual results to differ
materially from those results, performance or achievements that
may be expressed or implied by such forward-looking statements.
These factors include, among other things:
|
|
|
|
|
changes in general economic, business, political and regulatory
conditions in the countries or regions in which we operate;
|
|
|
|
the length and depth of product and industry business cycles
particularly in the automotive, electrical, textiles,
electronics and construction industries;
|
1
|
|
|
|
|
changes in the price and availability of raw materials,
particularly changes in the demand for, supply of, and market
prices of ethylene, methanol, natural gas, wood pulp and fuel
oil and the prices for electricity and other energy sources;
|
|
|
|
the ability to pass increases in raw material prices on to
customers or otherwise improve margins through price increases;
|
|
|
|
the ability to maintain plant utilization rates and to implement
planned capacity additions and expansions;
|
|
|
|
the ability to reduce or maintain at their current levels
production costs and improve productivity by implementing
technological improvements to existing plants;
|
|
|
|
increased price competition and the introduction of competing
products by other companies;
|
|
|
|
changes in the degree of intellectual property and other legal
protection afforded to our products or technologies;
|
|
|
|
costs and potential disruption or interruption of production due
to accidents or other unforeseen events or delays in
construction of facilities;
|
|
|
|
potential liability for remedial actions and increased costs
under existing or future environmental regulations, including
those relating to climate change;
|
|
|
|
potential liability resulting from pending or future litigation,
or from changes in the laws, regulations or policies of
governments or other governmental activities in the countries in
which we operate;
|
|
|
|
changes in currency exchange rates and interest rates;
|
|
|
|
our level of indebtedness, which could diminish our ability to
raise additional capital to fund operations or limit our ability
to react to changes in the economy or the chemicals
industry; and
|
|
|
|
various other factors, both referenced and not referenced in
this prospectus.
|
Additional information regarding these and other factors may be
contained in our filings with the SEC incorporated herein by
reference, especially on
Forms 10-K,
10-Q and
8-K. Many of
these factors are macroeconomic in nature and are, therefore,
beyond our control. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions
prove incorrect, our actual results, performance or achievements
may vary materially from those described in this prospectus as
anticipated, believed, estimated, expected, intended, planned or
projected. Except as required by law, we neither intend nor
undertake any obligation, and disclaim any duty to update these
forward-looking statements, which speak only as of their
respective dates.
WHERE YOU
CAN FIND MORE INFORMATION
We file annual, quarterly and current reports, proxy statements
and other information with the SEC. Our filings with the SEC are
available at the SECs EDGAR website at www.sec.gov. You
may read and copy any document that we file with the SEC at the
SECs Public Reference Room at the following address:
100 F Street,
N.E.
Washington, D.C. 20549
You can call the SEC at
1-800-SEC-0330
for more information about the operation of the Public Reference
Room. Our SEC filings are also available at the offices of the
New York Stock Exchange (NYSE), 20 Broad Street, New York,
New York 10005. For further information on obtaining copies of
our public filings at the NYSE, you can call
(212) 656-5060.
We also make available free of charge on or through our website,
www.celanese.com, our Annual Report on
Form 10-K,
Quarterly Reports on
Form 10-Q,
Current Reports on
Form 8-K
and amendments to those reports filed or furnished pursuant to
Section 13(a) or 15(d) of the Exchange Act, as soon as
reasonably practicable after we electronically file such
material with, or furnish it to, the SEC. Information contained
on our Internet website is not part of this prospectus.
2
INCORPORATION
BY REFERENCE
The SEC allows us to incorporate by reference the
information that we file with them. This means that we can
disclose important information to you by referring you to
information and documents that we have filed with the SEC. Any
information that we refer to in this manner is considered part
of this prospectus. Information that we later provide to the
SEC, and which is deemed filed with the SEC, will
automatically update information previously filed with the SEC,
and may replace information in this prospectus and information
previously filed with the SEC. We specifically are incorporating
by reference the following documents (other than, in each case,
documents or information deemed to have been furnished and not
filed in accordance with SEC rules):
|
|
|
|
|
our Annual Report on
Form 10-K
for the year ended December 31, 2010, filed with the SEC
on
February 11, 2011;
|
|
|
|
our Quarterly Report on
Form 10-Q
for the quarter ended March 31, 2011, filed with the SEC
on
April 26, 2011;
|
|
|
|
our current reports on
Form 8-K
filed with the SEC on January 6, 2011, February 15,
2011 (Item 5.02 information only), April 7, 2011, and
April 25, 2011; and
|
|
|
|
the description of our Series A common stock, par value
$0.0001, contained in our
Form 8-A
filed on
January 18, 2005.
|
We also incorporate by reference any future filings we make with
the SEC under Section 13(a), 13(c), 14 or 15(d) of the
Exchange Act until we sell all of the securities registered by
this registration statement, with the exception of any
information furnished to, and not deemed file with, the SEC.
You may request a free copy of any documents referred to above,
including exhibits specifically incorporated by reference in
those documents, by contacting us at the following address and
telephone number:
Celanese
Corporation
Attention: Investor Relations
1601 West LBJ Freeway
Dallas, Texas 75234
Telephone:
(972) 443-4000
OUR
COMPANY
We are a global technology and specialty materials company. We
are one of the worlds largest producers of acetyl
products, which are intermediate chemicals, for nearly all major
industries, as well as a leading global producer of high
performance engineered polymers that are used in a variety of
high-value applications. For more information about our
business, please refer to the Business section in
our most recent Annual Report on
Form 10-K
filed with the SEC and incorporated by reference in this
prospectus and the Managements Discussion and
Analysis of Financial Condition and Results of Operations
sections of our most recent Annual Report on
Form 10-K
and our Quarterly Reports on
Form 10-Q
filed with the SEC and incorporated by reference in this
prospectus.
SUBSIDIARY
GUARANTORS
Our subsidiary co-registrants, which we refer to as
subsidiary guarantors, may fully and unconditionally
guarantee any series of debt securities offered by this
prospectus and related prospectus supplement. The applicable
prospectus supplement for that series of debt securities will
describe the terms of the guarantee by the subsidiary
guarantors. The subsidiary guarantors are U.S. subsidiaries
which are all direct or indirect, wholly-owned subsidiaries of
Celanese US.
3
USE OF
PROCEEDS
Except as may be stated in the applicable prospectus supplement,
we intend to use the net proceeds from any sale of the
securities for general corporate purposes, including repayment
or refinancing of debt, acquisitions, working capital, capital
expenditures and repurchases and redemptions of securities.
RATIO OF
EARNINGS TO FIXED CHARGES
The following table sets forth information regarding our ratio
of earnings to fixed charges for the periods shown. In
calculating the ratio of earnings to fixed charges, earnings
represent the sum of (i) earnings (loss) from continuing
operations before taxes, (ii) income distributions from
equity method investees, (iii) amortization of capitalized
interest and (iv) total fixed charges, minus equity in net
earnings of affiliates. Fixed charges represent the sum of
(i) interest expense, (ii) capitalized interest,
(iii) the estimated interest portion of rent expense,
(iv) cumulative preferred stock dividends and
(v) guaranteed payments to minority stockholders.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months
|
|
|
|
|
Ended March 31,
|
|
Year Ended December 31,
|
|
|
2011
|
|
2010
|
|
2009
|
|
2008
|
|
2007
|
|
2006
|
|
Ratio of earnings to fixed charges
|
|
|
4.0
|
|
|
|
2.9
|
|
|
|
1.9
|
|
|
|
2.4
|
|
|
|
2.3
|
|
|
|
2.6
|
|
DESCRIPTION
OF CAPITAL STOCK
The following is a summary of select provisions of
Celaneses capital stock, as well as other certain
provisions of Celaneses Second Amended and Restated
Certificate of Incorporation (Charter) and Third Amended and
Restated By-laws (By-laws). The descriptions set forth below are
qualified in their entirety by reference to the relevant
provisions of the Charter and By-laws, copies of which have been
filed as exhibits to the registration statement of which this
prospectus forms a part.
Authorized
Capitalization
As of March 31, 2011, Celaneses authorized capital
stock consisted of (i) 500,000,000 shares of common
stock, par value $0.0001 per share, consisting of
400,000,000 shares of Series A common stock (Common
Stock) of which 178,384,999 shares were issued and
156,046,321 shares were outstanding, and
100,000,000 shares of Series B common stock of which
none were issued and outstanding, and
(ii) 100,000,000 shares of preferred stock, par value
$0.01 per share, of which none were issued and outstanding.
Following the payment of a special dividend to holders of
Celanese Series B common stock in April 2005, all of the
then outstanding shares of Series B common stock
automatically converted into shares of Celanese Series A
common stock pursuant to our Charter.
Common
Stock
Voting Rights. Holders of Common Stock are entitled to
one vote per share on all matters with respect to which the
holders of Common Stock are entitled to vote. The holders of
Common Stock do not have cumulative voting rights in the
election of directors.
Dividend Rights. Holders of Common Stock are entitled to
receive dividends if, as and when dividends are declared from
time to time by Celaneses board of directors out of funds
legally available for that purpose, after payment of dividends
required to be paid on outstanding preferred stock, as described
below, if any. The Companys senior credit facilities and
indentures impose restrictions on its ability to declare
dividends with respect to Celaneses Common Stock. Any
decision to declare and pay dividends in the future will be made
at the discretion of the board of directors and will depend on,
among other things, results of operations, cash requirements,
financial condition, contractual restrictions and factors that
the board of directors may deem relevant.
Liquidation Rights. Upon liquidation, dissolution or
winding up, the holders of Common Stock will be entitled to
receive ratably the assets available for distribution to the
stockholders after payment of liabilities and accrued but unpaid
dividends and liquidation preferences on any outstanding
preferred stock.
Other Matters. The Common Stock has no preemptive rights
and, if fully paid, is not subject to further calls or
assessment by Celanese. There are no redemption or sinking fund
provisions applicable to the Common Stock. All shares of
Celaneses outstanding Common Stock are fully paid and
non-assessable, and the shares of Celaneses
4
Common Stock offered under this registration statement, upon
payment and delivery in accordance with the underwriting
agreement, will be fully paid and non-assessable.
Preferred
Stock
Celaneses Charter authorizes the board of directors to
establish one or more series of preferred stock and to
determine, with respect to any series of preferred stock, the
terms and rights of that series, including:
|
|
|
|
|
the designation of the series;
|
|
|
|
the number of shares of the series, which the board of directors
may, except where otherwise provided in the preferred stock
designation, increase (but not above the total number of
authorized shares of the class) or decrease (but not below the
number of shares then outstanding);
|
|
|
|
whether dividends, if any, will be cumulative or non-cumulative
and the dividend rate of the series;
|
|
|
|
the dates at which dividends, if any, will be payable;
|
|
|
|
the redemption rights and price or prices, if any, for shares of
the series;
|
|
|
|
the terms and amounts of any sinking fund provided for the
purchase or redemption of shares of the series;
|
|
|
|
the amounts payable on shares of the series in the event of any
voluntary or involuntary liquidation, dissolution or
winding-up
of the affairs of Celanese;
|
|
|
|
whether the shares of the series will be convertible into shares
of any other class or series, or any other security, of Celanese
or any other corporation, and, if so, the specification of the
other class or series or other security, the conversion price or
prices or rate or rates, any rate adjustments, the date or dates
as of which the shares will be convertible and all other terms
and conditions upon which the conversion may be made;
|
|
|
|
restrictions on the issuance of shares of the same series or of
any other class or series; and
|
|
|
|
the voting rights, if any, of the holders of the series.
|
Anti-Takeover
Effects of Certain Provisions of Our Charter and
By-laws
Certain provisions of Celaneses Charter and By-laws, which
are summarized in the following paragraphs, may have an
anti-takeover effect and may delay, defer or prevent a tender
offer or takeover attempt that a stockholder might consider in
its best interest, including those attempts that might result in
a premium over the market price for the shares held by
stockholders.
Classified
Board of Directors
Celaneses Charter provides that the board of directors
will be divided into three classes of directors, with the
classes to be as nearly equal in number as possible. The members
of each class serve for a three-year term. As a result,
approximately one-third of the board of directors will be
elected each year. The classification of directors will have the
effect of making it more difficult for stockholders to change
the composition of the board of directors. Celaneses
Charter and the By-laws provide that the number of directors
will be fixed from time to time pursuant to a resolution adopted
by the board of directors, but must consist of not less than
seven or more than fifteen directors.
Removal
of Directors
Celaneses Charter and By-laws provide that directors may
be removed only for cause and only upon the affirmative vote of
holders of at least 80% of the voting power of all the then
outstanding shares of stock entitled to vote generally in the
election of directors, voting together as a single class. In
addition, Celaneses Charter also provides that any newly
created directorships and any vacancies on the board of
directors will be filled only by the affirmative vote of the
majority of remaining directors.
No
Cumulative Voting
The Delaware General Corporation Law (DGCL) provides that
stockholders are not entitled to the right to cumulate votes in
the election of directors unless the charter provides otherwise.
Celaneses Charter does not expressly provide for
cumulative voting.
5
Calling
of Special Meetings of Stockholders; Stockholder Action by
Written Consent
Celaneses Charter provides that a special meeting of
stockholders may be called at any time only by the chairman of
the board of directors, the board or a committee of the board of
directors which has been granted such authority by the board.
The DGCL permits stockholder action by written consent unless
otherwise provided by a companys charter. Celaneses
Charter precludes stockholder action by written consent.
Advance
Notice Requirements for Stockholder Proposals and Director
Nominations
Celaneses By-laws provide that stockholders seeking to
nominate candidates for election as directors or to bring
business before an annual meeting of stockholders must provide
timely notice of their proposal in writing to the corporate
secretary.
Generally, to be timely, a stockholders notice must be
received at Celaneses principal executive offices not less
than 90 days nor more than 120 days prior to the first
anniversary date on which the proxy materials for the previous
years annual meeting were first mailed. Celaneses
By-laws also specify requirements as to the form and content of
a stockholders notice. These provisions may impede
stockholders ability to bring matters before an annual
meeting of stockholders or make nominations for directors at an
annual meeting of stockholders.
Supermajority
Provisions
The DGCL provides generally that the affirmative vote of a
majority of the outstanding shares entitled to vote is required
to amend a corporations certificate of incorporation or
by-laws, unless the certificate of incorporation requires a
greater percentage. Celaneses Charter provides that the
following provisions in the Charter and By-laws may be amended
only by a vote of at least 80% of the voting power of all of the
outstanding shares of our stock entitled to vote in the election
of directors, voting together as a single class:
|
|
|
|
|
classified board (the election and term of directors);
|
|
|
|
the resignation and removal of directors;
|
|
|
|
the provisions regarding stockholder action by written consent;
|
|
|
|
the ability to call a special meeting of stockholders being
vested solely in the chairman of the board of directors, the
board of directors, or a committee of the board of directors (if
duly authorized to call special meetings);
|
|
|
|
filling of vacancies on the board of directors and newly created
directorships;
|
|
|
|
the advance notice requirements for stockholder proposals and
director nominations; and
|
|
|
|
the amendment provision requiring that the above provisions be
amended only with an 80% supermajority vote.
|
In addition, Celaneses Charter grants the board of
directors the authority to amend and repeal the By-laws without
a stockholder vote in any manner not inconsistent with the laws
of the State of Delaware or Celaneses Charter.
Limitations
on Liability and Indemnification of Officers and
Directors
The DGCL authorizes corporations to limit or eliminate the
personal liability of directors to corporations and their
stockholders for monetary damages for breaches of
directors fiduciary duties. Celaneses Charter
includes a provision that eliminates the personal liability of
directors for monetary damages for actions taken as a director,
except for liability:
|
|
|
|
|
for breach of duty of loyalty;
|
|
|
|
for acts or omissions not in good faith or involving intentional
misconduct or knowing violation of law;
|
|
|
|
under Section 174 of the DGCL (unlawful dividends or stock
repurchases and redemptions); or
|
|
|
|
for transactions from which the director derived improper
personal benefit.
|
Celaneses Charter and By-laws provide that the company
must indemnify its directors and officers to the fullest extent
authorized by the DGCL. Celanese is also expressly authorized to
advance certain expenses (including
6
attorneys fees and disbursements and court costs) and
carry directors and officers insurance providing
indemnification for directors, officers and certain employees
for some liabilities. We believe that these indemnification
provisions and insurance are useful to attract and retain
qualified directors and executive officers.
The limitation of liability and indemnification provisions in
Celaneses Charter and By-laws may discourage stockholders
from bringing a lawsuit against directors for breach of their
fiduciary duty. These provisions may also have the effect of
reducing the likelihood of derivative litigation against
directors and officers, even though such an action, if
successful, might otherwise benefit the company and its
stockholders. In addition, your investment may be adversely
affected to the extent we pay the costs of settlement and damage
awards against directors and officers pursuant to these
indemnification provisions.
There is currently no pending material litigation or proceeding
involving any of Celaneses directors, officers or
employees for which indemnification is sought.
Delaware
Anti-takeover Statute
Section 203 of the DGCL applies to Celanese. Under certain
circumstances, Section 203 limits the ability of an
interested stockholder to effect various business combinations
with Celanese for a three-year period following the time that
such stockholder becomes an interested stockholder. For purposes
of Section 203, a business combination is
broadly defined to include mergers, asset sales and other
transactions resulting in a financial benefit to the interested
stockholder. An interested stockholder is a person
who, together with affiliates and associates, owns, or within
the immediately preceding three years did own, 15% or more of
Celaneses voting stock.
An interested stockholder may not engage in a business
combination transaction with Celanese within the three-year
period unless:
|
|
|
|
|
before the stockholder became an interested stockholder, the
board approved either the business combination or the
transaction which resulted in the stockholder becoming an
interested stockholder;
|
|
|
|
upon consummation of the transaction in which the stockholder
became an interested stockholder, the interested stockholder
owned at least 85% of Celaneses voting stock (excluding
shares owned by officers, directors or certain employee stock
purchase plans); or
|
|
|
|
at or subsequent to such time the business combination is
approved by the board and authorized at an annual or special
meeting of stockholders, and not by written consent, by the
affirmative vote of at least
662/3%
of the outstanding voting stock which is not owned by the
interested stockholder.
|
Transfer
Agent and Registrar
Computershare Trust Company, N.A. is the transfer agent and
registrar for Celaneses Common Stock.
Listing
Celaneses Common Stock is listed on the NYSE under the
symbol CE.
Authorized
but Unissued Capital Stock
The DGCL does not require stockholder approval for any issuance
of authorized shares. However, the listing requirements of the
NYSE, which would apply so long as Celaneses Common Stock
is listed on the NYSE, require stockholder approval of certain
issuances equal to or exceeding 20% of the then-outstanding
voting power or then outstanding number of shares of Common
Stock. These additional shares may be used for a variety of
corporate purposes, including future public offerings, to raise
additional capital or to facilitate acquisitions.
One of the effects of the existence of unissued and unreserved
common stock may be to enable Celaneses board of directors
to issue shares to persons friendly to current management, which
issuance could render more difficult or discourage an attempt to
obtain control of the company by means of a merger, tender
offer, proxy contest or otherwise, and thereby protect the
continuity of management and possibly deprive the stockholders
of opportunities to sell their shares of common stock at prices
higher than prevailing market prices.
7
DESCRIPTION
OF DEBT SECURITIES
AND GUARANTEES
The following is a general description of the debt securities
that we may offer from time to time. The particular terms of the
debt securities offered by any prospectus supplement and the
extent, if any, to which the general provisions described below
may apply to those securities will be described in the
applicable prospectus supplement. As you read this section,
please remember that the specific terms of a debt security as
described in the applicable prospectus supplement will
supplement and may modify or replace the general terms described
in this section. If there are any differences between the
applicable prospectus supplement and this prospectus, the
applicable prospectus supplement will control. As a result, the
statements we make in this section may not apply to the debt
security you purchase.
The registered holder of any debt security will be treated as
the owner of it for all purposes. Only registered holders will
have rights under the applicable indenture.
General
The debt securities that we may offer will be either senior debt
securities or subordinated debt securities. Any senior debt
securities will be issued under an indenture, which we refer to
as the senior indenture, to be entered into between us and the
trustee named in the applicable prospectus supplement. Any
subordinated debt securities will be issued under a different
indenture, which we refer to as the subordinated indenture, to
be entered into between us and the trustee named in the
applicable prospectus supplement. We refer to both the senior
indenture and the subordinated indenture as the indentures, and
to each of the trustees under the indentures as a trustee. In
addition, the indentures may be supplemented or amended as
necessary to set forth the terms of the debt securities issued
under the indentures. You should read the indentures, including
any amendments or supplements, carefully to fully understand the
terms of the debt securities. The terms of the debt securities
will include those stated in the indentures and those made part
of the indentures by reference to the Trust Indenture Act
of 1939.
Any senior debt securities that Celanese US may issue will be
our unsubordinated obligations. They will rank equally with each
other and all of our other unsubordinated debt, unless otherwise
indicated in the applicable prospectus supplement. Any
subordinated debt securities that Celanese US may issue will be
subordinated in right of payment to the prior payment in full of
our senior debt. See Ranking. The subordinated debt
securities will rank equally with each other, unless otherwise
indicated in the applicable prospectus supplement. We will
indicate in each applicable prospectus supplement, as of the
most recent practicable date, the aggregate amount of our
outstanding debt that would rank senior to the subordinated debt
securities.
The indentures will not limit the amount of debt securities that
can be issued thereunder and will provide that debt securities
of any series may be issued thereunder up to the aggregate
principal amount that we may authorize from time to time. Unless
otherwise provided in the applicable prospectus supplement, the
indentures will not limit the amount of other indebtedness or
securities that Celanese US may issue. Celanese US may issue
debt securities of the same series at more than one time and,
unless prohibited by the terms of the series, we may reopen a
series for issuances of additional debt securities without the
consent of the holders of the outstanding debt securities of
that series. All debt securities issued as a series, including
those issued pursuant to any reopening of a series, will vote
together as a single class.
Reference is made to the prospectus supplement for the following
and other possible terms of each series of the debt securities
with respect to which this prospectus is being delivered:
|
|
|
|
|
the title of the debt securities;
|
|
|
|
any limit upon the aggregate principal amount of the debt
securities of that series that may be authenticated and
delivered under the applicable indenture, except for debt
securities authenticated and delivered upon registration of
transfer of, or in exchange for or in lieu of, other debt
securities of that series;
|
|
|
|
the date or dates on which the principal and premium, if any, of
the debt securities of the series is payable;
|
|
|
|
the rate or rates, which may be fixed or variable, at which the
debt securities of the series shall bear interest or the manner
of calculation of such rate or rates, if any, including any
procedures to vary or reset such rate
|
8
|
|
|
|
|
or rates, and the basis upon which interest will be calculated
if other than that of a
360-day year
of twelve
30-day
months;
|
|
|
|
|
|
the place or places where the principal of and interest, if any,
on the debt securities of the series shall be payable, where the
debt securities of such series may be surrendered for
registration of transfer or exchange and where notices and
demands to or upon us with respect to the debt securities of
such series and the applicable indenture may be served, and the
method of such payment, if by wire transfer, mail or other means
if other than as set forth in the applicable indenture;
|
|
|
|
the date or dates from which such interest shall accrue, the
dates on which such interest will be payable or the manner of
determination of such dates, and the record date for the
determination of holders to whom interest is payable on any such
dates;
|
|
|
|
any trustees, authenticating agents or paying agents with
respect to such series, if different from those set forth in the
applicable indenture;
|
|
|
|
the right, if any, to extend the interest payment periods or
defer the payment of interest and the duration of such extension
or deferral;
|
|
|
|
if applicable, the period or periods within which, the price or
prices at which and the terms and conditions upon which, debt
securities of the series may be redeemed, in whole or in part,
at our option;
|
|
|
|
our obligation, if any, to redeem, purchase or repay debt
securities of the series pursuant to any sinking fund or
analogous provisions, including payments made in cash in
anticipation of future sinking fund obligations, or at the
option of a holder thereof and the period or periods within
which, the price or prices at which, and the terms and
conditions upon which, debt securities of the series shall be
redeemed, purchased or repaid, in whole or in part, pursuant to
such obligation;
|
|
|
|
the form of the debt securities of the series including the form
of the trustees certificate of authentication for such
series;
|
|
|
|
if other than denominations of $1,000 or integral multiples of
$1,000 in excess thereof, the denominations in which the debt
securities of the series shall be issuable;
|
|
|
|
the currency or currencies in which payment of the principal of,
premium, if any, and interest on, debt securities of the series
shall be payable;
|
|
|
|
if the principal amount payable at the stated maturity of debt
securities of the series will not be determinable as of any one
or more dates prior to such stated maturity, the amount which
will be deemed to be such principal amount as of any such date
for any purpose, including the portion of the principal amount
thereof that will be due and payable upon declaration of
acceleration of the maturity thereof or upon any maturity other
than the stated maturity or that will be deemed to be
outstanding as of any such date, or, in any such case, the
manner in which such deemed principal amount is to be determined;
|
|
|
|
the terms of any repurchase or remarketing rights;
|
|
|
|
if the debt securities of the series shall be issued in whole or
in part in the form of a global security or securities, the type
of global security to be issued; the terms and conditions, if
different from those contained in the applicable indenture, upon
which such global security or securities may be exchanged in
whole or in part for other individual securities in definitive
registered form; the depositary for such global security or
securities; and the form of any legend or legends to be borne by
any such global security or securities in addition to or in lieu
of the legends referred to in the indenture;
|
|
|
|
whether the debt securities of the series will be convertible
into or exchangeable for other securities, and, if so, the terms
and conditions upon which such debt securities will be so
convertible or exchangeable, including the initial conversion or
exchange price or rate or the method of calculation, how and
when the conversion price or exchange ratio may be adjusted,
whether conversion or exchange is mandatory, at the option of
the holder or at our option, the conversion or exchange period,
and any other provision in addition to or in lieu of those
described herein;
|
9
|
|
|
|
|
any additional restrictive covenants or events of default that
will apply to the debt securities of the series, or any changes
to the restrictive covenants set forth in the applicable
indenture that will apply to the debt securities of the series,
which may consist of establishing different terms or provisions
from those set forth in the applicable indenture or eliminating
any such restrictive covenant or event of default with respect
to the debt securities of the series;
|
|
|
|
any provisions granting special rights to holders when a
specified event occurs;
|
|
|
|
if the amount of principal or any premium or interest on debt
securities of a series may be determined with reference to an
index or pursuant to a formula, the manner in which such amounts
will be determined;
|
|
|
|
any special tax implications of the debt securities, including
provisions for original issue discount securities, if offered;
|
|
|
|
whether and upon what terms debt securities of a series may be
defeased if different from the provisions set forth in the
applicable indenture;
|
|
|
|
with regard to the debt securities of any series that do not
bear interest, the dates for certain required reports to the
trustee;
|
|
|
|
whether the debt securities of the series will be issued as
unrestricted securities or restricted securities, and, if issued
as restricted securities, the rule or regulation promulgated
under the Securities Act in reliance on which they will be sold;
|
|
|
|
any guarantees on the debt securities, supplemental to the
guarantee by Celanese, and the terms and conditions upon which
any guarantees, including the guarantee by Celanese, may be
released or terminated;
|
|
|
|
the provisions, if any, relating to any security provided for
the debt securities of the series;
|
|
|
|
any depositaries, interest rate calculation agents, exchange
rate calculation agents or other agents with respect to debt
securities of such series if other than those appointed in the
applicable indenture;
|
|
|
|
if the debt securities are subordinated debt securities, the
subordination terms of the debt securities; and
|
|
|
|
any and all additional, eliminated or changed terms that shall
apply to the debt securities of the series, including any terms
that may be required by or advisable under United States laws or
regulations, including the Securities Act and the rules and
regulations promulgated thereunder, or advisable in connection
with the marketing of debt securities of that series.
|
We will comply with Section 14(e) under the Exchange Act,
to the extent applicable, and any other tender offer rules under
the Exchange Act that may then be applicable, in connection with
any obligation to purchase debt securities at the option of the
holders thereof. Any such obligation applicable to a series of
debt securities will be described in the prospectus supplement
relating thereto.
Unless otherwise described in a prospectus supplement relating
to any debt securities, there will be no covenants or provisions
contained in the indentures that may afford the holders of debt
securities protection in the event that we enter into a highly
leveraged transaction.
The statements made hereunder relating to the indentures and any
debt securities that Celanese US may issue are summaries of
certain provisions thereof and are qualified in their entirety
by reference to all provisions of the indentures and the debt
securities and the descriptions thereof, if different, in the
applicable prospectus supplement.
Payments
on the Debt Securities
Principal of, premium, if any, and interest on the debt
securities will be payable at the office or agency maintained by
Celanese US for such purposes; provided that all payments
of principal, premium, if any, and interest with respect to the
debt securities represented by one or more global securities
registered in the name of or held by The Depository
Trust Company (DTC) or its nominee will be made through the
facilities of DTC. Until otherwise designated by Celanese US,
Celanese USs office or agency will be the office of the
trustee maintained for such purpose.
10
Paying
Agent and Registrar for the Debt Securities
The trustee will initially act as paying agent and registrar.
Celanese US may change the paying agent or registrar without
prior notice to the holders, and Celanese US, Celanese or any of
their subsidiaries may act as paying agent or registrar.
Transfer
and Exchange
A holder may transfer or exchange debt securities in accordance
with the applicable indenture. Holders will be required to pay
all taxes due on transfer. Celanese US will not be required to
transfer or exchange any debt security selected for redemption
or repurchase. Also, Celanese US will not be required to
transfer or exchange any debt security for a period of
15 days before a selection of debt securities to be
redeemed or repurchased.
Guarantees
The debt securities of any series will be guaranteed by Celanese
and, to the extent specified in the applicable prospectus
supplement, may be guaranteed by subsidiary guarantors. Each
prospectus supplement will describe, as to the debt securities
to which it relates, any guarantees by the subsidiary
guarantors, including the terms of subordination, if any, of any
such guarantee.
Ranking
Senior
Debt Securities
Any series of senior debt securities will be general obligations
of Celanese US that rank senior in right of payment to all
existing and future indebtedness that is expressly subordinated
in right of payment to the senior debt securities. Any series of
senior debt securities will rank equally in right of payment
with all existing and future liabilities of Celanese US that are
not so subordinated. Any series of senior unsecured debt
securities will be effectively subordinated to all of Celanese
USs secured indebtedness (to the extent of the value of
the assets securing such indebtedness) and liabilities of our
subsidiaries that do not guarantee the series of senior debt
securities.
Subordinated
Debt Securities
We will set forth in the applicable prospectus supplement the
terms and conditions, if any, upon which any series of
subordinated debt securities is subordinated to debt securities
of another series or to our other indebtedness. The terms will
include a description of:
|
|
|
|
|
the indebtedness ranking senior to the debt securities being
offered;
|
|
|
|
the restrictions, if any, on payments to the holders of the debt
securities being offered while a default with respect to the
senior indebtedness is continuing; and
|
|
|
|
the provisions requiring holders of the debt securities being
offered to remit some payments to the holders of senior
indebtedness.
|
Redemption
If specified in the applicable prospectus supplement, we may
redeem the debt securities of any series, as a whole or in part,
at our option on and after the dates and in accordance with the
terms established for such series, if any, in the applicable
prospectus supplement. If we redeem the debt securities of any
series, we also must pay accrued and unpaid interest, if any, to
the date of redemption on such debt securities.
Certain
Covenants
Merger,
Consolidation or Sale of Assets
Neither Celanese US nor Celanese may, directly or indirectly:
(1) consolidate or merge with or into or wind up into
another person (whether or not Celanese US is the surviving
person); or (2) sell, assign, transfer, convey or
11
otherwise dispose of all or substantially all of its properties
or assets, in one or more related transactions, to another
person; unless:
|
|
|
|
(1)
|
either: (a) Celanese US or Celanese, as the case may be, is
the surviving person; or (b) the person formed by or
surviving any such consolidation or merger (if other than
Celanese US or Celanese, as the case may be) or to which such
sale, assignment, transfer, conveyance or other disposition has
been made is a corporation, limited liability company or limited
partnership organized or existing under the laws of the
jurisdiction of organization of Celanese US or the United
States, any state of the United States, the District of Columbia
or any territory thereof (Celanese US or such person, as the
case may be, hereinafter referred to as the Successor Company);
|
|
|
(2)
|
the Successor Company (if other than Celanese US or Celanese, as
the case may be) expressly assumes all the obligations of
Celanese US or Celanese, as the case may be, under the debt
securities and the applicable indenture;
|
|
|
(3)
|
immediately after such transaction no default or Event of
Default exists; and
|
|
|
(4)
|
Celanese US or Celanese, as the case may be, shall have
delivered to the trustee a certificate from a responsible
officer and an opinion of counsel, each stating that such
consolidation, merger or transfer and such amendment or
supplement (if any) comply with the applicable indenture.
|
The Successor Company will succeed to, and be substituted for,
Celanese US or Celanese, as the case may be, under the
applicable indenture and the debt securities.
Reports
So long as any debt securities are outstanding, Celanese US
shall file with the trustee, within 15 days after Celanese
files with the SEC, copies of the annual reports and of the
information, documents and other reports (or copies of such
portions of any of the forgoing as the SEC may from time to time
by rules and regulations prescribe) that Celanese may be
required to file with the SEC pursuant to Section 13 or
Section 15(d) of the Exchange Act. Celanese US shall be
deemed to have complied with the previous sentence to the extent
that such information, documents and reports are filed with the
SEC via EDGAR, or any successor electronic delivery procedure.
Delivery of such reports, information and documents to the
trustee is for informational purposes only and the
trustees receipt of such shall not constitute constructive
notice of any information contained therein or determinable from
information contained therein, including Celanese USs
compliance with any of its covenants under the applicable
indenture (as to which the trustee is entitled to rely
exclusively on officers certificates).
Events of
Default and Remedies
The following will be Events of Default with respect
to debt securities of a particular series, except to the extent
provided in the supplemental indenture or resolution of our
board of directors pursuant to which a series of debt securities
is issued:
|
|
|
|
(1)
|
Celanese US defaults in payment when due and payable, upon
redemption, acceleration or otherwise, of principal of, or
premium, if any, on the debt securities;
|
|
|
(2)
|
Celanese US defaults in the payment when due of interest on or
with respect to the debt securities and such default continues
for a period of 30 days;
|
|
|
(3)
|
Celanese US defaults in the performance of, or breaches any
covenant, warranty or other agreement contained in the
applicable indenture (other than a default in the performance or
breach of a covenant, warranty or agreement which is
specifically dealt with in clauses (1) or (2) above)
and such default or breach continues for a period of
90 days after the notice specified below;
|
|
|
(4)
|
certain events of bankruptcy affecting Celanese US;
|
|
|
(5)
|
Celaneses guarantee with respect to such series of
securities shall for any reason cease to be, or shall for any
reason be asserted in writing by Celanese or Celanese US not to
be, in full force and effect and enforceable in accordance with
its terms except to the extent contemplated by the applicable
indenture and such guarantee; or
|
12
|
|
|
|
(6)
|
any other Event of Default provided in the applicable
supplemental indenture or resolution of the board of directors
under which such series of securities is issued or in the form
of security for such series.
|
A default under one series of debt securities issued under the
indenture will not necessarily be a default under another series
of debt securities under the indenture. The trustee may withhold
notice to the holders of a series of debt securities issued
under such indenture of any default or event of default (except
in any payment on the debt securities of such series) if the
trustee considers it in the interest of the holders of the debt
securities of that series to do so.
If an Event of Default (other than an Event of Default specified
in clause (4) or (5) above) for a series of debt
securities shall occur and be continuing, the trustee or the
holders of at least 25% in principal amount of outstanding debt
securities of that series may declare the principal of and
accrued interest on such debt securities to be due and payable
by notice in writing to Celanese US and the trustee specifying
the respective Event of Default and that it is a notice of
acceleration (Acceleration Notice), and the same shall
become immediately due and payable. Notwithstanding the
foregoing, if an Event of Default specified in clause (4)
or (5) above occurs and is continuing, then all unpaid
principal of, and premium, if any, and accrued and unpaid
interest on all of the outstanding debt securities shall ipso
facto become and be immediately due and payable without any
declaration or other act on the part of the trustee or any
holder of the debt securities.
The holders of a majority in principal amount of the debt
securities of such series then outstanding may waive any
existing default or Event of Default and its consequences,
except a default in the payment of the principal of or interest
on such debt securities.
Holders of debt securities of any series may not enforce the
applicable indenture or the debt securities of that series
except as provided in the applicable indenture and under the
Trust Indenture Act of 1939, as amended. Subject to the
provisions of the applicable indenture relating to the duties of
the trustee, the trustee will be under no obligation to exercise
any of its rights or powers under the indenture at the request,
order or direction of any of the holders of the debt securities
of any series, unless such holders have offered to the trustee
reasonable indemnity. Subject to all provisions of the
applicable indenture and applicable law, the holders of a
majority in aggregate principal amount of a series of the then
outstanding debt securities of such series issued under such
indenture will have the right to direct the time, method and
place of conducting any proceeding for any remedy available to
the trustee or exercising any trust or power conferred on the
trustee.
Celanese US and Celanese will be required to deliver to the
trustee annually a statement regarding compliance with the
indenture.
No
Personal Liability of Directors, Officers, Employees and
Stockholders
No director, officer, employee, incorporator or stockholder of
Celanese, Celanese US or any guarantor subsidiary or any direct
or indirect parent entity, as such, will have any liability for
any obligations of Celanese, Celanese US or any guarantor
subsidiary under the debt securities, the indenture, any
guarantee or for any claim based on, in respect of, or by reason
of, such obligations or their creation. Each holder of debt
securities by accepting a debt security waives and releases all
such liability. The waiver and release are part of the
consideration for issuance of the debt securities. The waiver
may not be effective to waive liabilities under the federal
securities laws.
Satisfaction
and Discharge of Indenture
The indenture shall cease to be of further effect with respect
to a series of debt securities when either:
|
|
|
|
(1)
|
Celanese US has delivered to the trustee for cancellation all
outstanding securities of such series, other than any securities
that have been destroyed, lost or stolen and that have been
replaced or paid as provided in the indenture;
|
|
|
(2)
|
all outstanding securities of such series have become due and
payable or are by their terms to become due and payable within
one year or are to be called for redemption within one year
under arrangements satisfactory to the trustee for the giving of
notice of redemption, and Celanese US or Celanese shall have
irrevocably deposited with the trustee as trust funds the entire
amount, in funds or governmental obligations, or a combination
thereof, sufficient, in the opinion of a nationally recognized
firm of independent public accountants, to pay at maturity or
upon redemption all securities of such series; or
|
13
|
|
|
|
(3)
|
Celanese US has properly fulfilled any other means of
satisfaction and discharge that may be set forth in the terms of
the securities of such series.
|
In each case, Celanese US will also pay all other sums payable
by it under the indenture with respect to the securities of such
series.
Defeasance
The term defeasance means the discharge of some or all of
Celanese USs obligations under the indenture. If Celanese
US deposits with the trustee funds or government securities
sufficient to make payments on any series of debt securities on
the dates those payments are due and payable, then, at Celanese
USs option, either of the following will occur:
|
|
|
|
(1)
|
Celanese US and Celanese will be discharged from obligations
with respect to the debt securities of such series (legal
defeasance); or
|
|
|
(2)
|
Celanese US and Celanese will no longer have any obligation to
comply with the restrictive covenants under the indenture, and
the related events of default will no longer apply to us
(covenant defeasance).
|
If Celanese US defeases any series of debt securities, the
holders of the defeased debt securities of such series will not
be entitled to the benefits of the indenture under which such
series was issued, except for Celanese USs obligation to
register the transfer or exchange of the debt securities of such
series, replace stolen, lost or mutilated debt securities or
maintain paying agencies and hold moneys for payment in trust.
In the case of covenant defeasance, Celanese USs
obligation to pay principal, premium and interest on the debt
securities of such series will also survive. Celanese US will be
required to deliver to the trustee an opinion of counsel that
the deposit and related defeasance would not cause the holders
of the debt securities of such series to recognize income, gain
or loss for federal income tax purposes. If Celanese US elects
legal defeasance, that opinion of counsel must be based upon a
ruling from the United States Internal Revenue Service or a
change in law to that effect.
Amendment,
Supplement and Waiver
Except as provided in the next two succeeding paragraphs, an
indenture or the debt securities of any series issued thereunder
may be amended or supplemented with the consent of the holders
of at least a majority in principal amount of the debt
securities of each series at the time outstanding that is
affected voting as a single class (including, without
limitation, consents obtained in connection with a purchase of,
or tender offer or exchange offer for, debt securities), and any
existing default or compliance with any provision of the
indenture or the debt securities of any series issued thereunder
may be waived with the consent of the holders of a majority in
principal amount of each series of debt securities at the time
outstanding that is affected voting as a single class
(including, without limitation, consents obtained in connection
with a purchase of, or tender offer or exchange offer for, debt
securities).
Without the consent of each holder affected thereby, an
amendment or waiver may not (with respect to any debt securities
held by a non-consenting holder):
|
|
|
|
(1)
|
reduce the amount of debt securities of any series whose holders
must consent to an amendment, supplement or waiver;
|
|
|
(2)
|
reduce the rate of or change the time for payment of interest on
the debt securities of any series;
|
|
|
(3)
|
reduce the principal or change the stated maturity of any debt
securities of any series;
|
|
|
(4)
|
reduce any premium payable on the redemption of any debt
security or change the time at which any debt security may or
must be redeemed;
|
|
|
(5)
|
make payments on any debt security payable in currency other
than as originally stated in such debt security;
|
|
|
(6)
|
impair the holders right to institute suit for the
enforcement of any payment on any debt security;
|
|
|
(7)
|
make any change in the percentage of principal amount of the
debt securities of any series necessary to waive compliance with
certain provisions of the indenture under which such debt
securities were issued or to make any change in this provision
for modification; or
|
14
|
|
|
|
(8)
|
waive a continuing default or event of default regarding any
payment on the debt securities of any series.
|
Notwithstanding the preceding, without the consent of any holder
of debt securities, Celanese US, Celanese and the trustee may
amend or supplement an indenture or the applicable debt
securities issued thereunder:
|
|
|
|
(1)
|
to cure any ambiguity, omission, defect or inconsistency;
|
|
|
(2)
|
to provide for the assumption of the obligations of Celanese or
Celanese US under the indenture by a successor upon any merger,
consolidation or transfer of substantially all of the assets of
Celanese US or Celanese, as applicable;
|
|
|
(3)
|
to provide for uncertificated debt securities in addition to or
in place of certificated debt securities;
|
|
|
(4)
|
to provide any security for or guarantees of the debt securities
or for the addition of an additional obligor on the debt
securities;
|
|
|
(5)
|
to comply with any requirement to effect or maintain the
qualification of the indenture under the Trust Indenture
Act of 1939, as amended, if applicable;
|
|
|
(6)
|
to add covenants that would benefit the holders of any
outstanding series of debt securities or to surrender any rights
of Celanese US or Celanese under the indenture;
|
|
|
(7)
|
to add additional Events of Default with respect to any series
of debt securities;
|
|
|
(8)
|
to change or eliminate any of the provisions of the indenture,
provided that any such change or elimination shall not become
effective with respect to any outstanding debt security of any
series created prior to the execution of such supplemental
indenture which is entitled to the benefit of such provision;
|
|
|
(9)
|
to provide for the issuance of and establish forms and terms and
conditions of a new series of debt securities;
|
|
|
(10)
|
to permit or facilitate the defeasance and discharge of the debt
securities;
|
|
|
(11)
|
to issue additional debt securities of any series; provided that
such additional debt securities have the same terms as, and be
deemed part of the same series as, the applicable series of debt
securities to the extent required under the indenture;
|
|
|
(12)
|
to make any change that does not adversely affect the rights of
any holder of outstanding debt securities in any material
respect; or
|
|
|
(13)
|
to evidence and provide for the acceptance of appointment by a
successor trustee with respect to the debt securities of one or
more series and to add to or change any of the provisions of the
indenture as shall be necessary to provide for or facilitate the
administration of the trust by more than one trustee.
|
Concerning
the Trustee
If an Event of Default occurs and is continuing, the trustee
will be required to use the degree of care and skill of a
prudent man in the conduct of his own affairs. The trustee will
become obligated to exercise any of its powers under the
indenture at the request of any of the holders of any debt
securities issued under the indenture only after those holders
have furnished the trustee indemnity reasonably satisfactory
to it.
If the trustee becomes a creditor of ours, it will be subject to
limitations in the indenture on its rights to obtain payment of
claims or to realize on certain property received for any such
claim, as security or otherwise. The trustee is permitted to
engage in other transactions with us. If, however, it acquires
any conflicting interest, it must eliminate such conflict,
resign or obtain an order from the SEC permitting it to remain
as trustee.
Governing
Law
The indentures, the debt securities and the guarantees will be
governed by, and construed in accordance with, the laws of the
State of New York.
15
PLAN OF
DISTRIBUTION
We may sell the securities offered pursuant to this prospectus
in any of the following ways:
|
|
|
|
|
directly to one or more purchasers;
|
|
|
|
through agents;
|
|
|
|
through underwriters, brokers or dealers; or
|
|
|
|
through a combination of any of these methods of sale.
|
We will identify the specific plan of distribution, including
any underwriters, brokers, dealers, agents or direct purchasers
and their compensation in the applicable prospectus supplement.
VALIDITY
OF THE SECURITIES
Gibson, Dunn & Crutcher LLP, New York, New York, has
rendered an opinion with respect to the validity of the
securities being offered by this prospectus. We have filed the
opinion as an exhibit to the registration statement of which
this prospectus is a part. If the validity of any securities is
also passed upon by counsel for the underwriters of an offering
of those securities, that counsel will be named in the
prospectus supplement relating to that offering.
EXPERTS
The consolidated financial statements of the Company as of
December 31, 2010 and 2009 and for each of the years in the
three-year period ended December 31, 2010, and
managements assessment of the effectiveness of internal
control over financial reporting as of December 31, 2010,
have been incorporated by reference herein in reliance upon the
reports of KPMG LLP, independent registered public accounting
firm, incorporated by reference herein, and upon the authority
of said firm as experts in accounting and auditing. The audit
report covering the consolidated financial statements of the
Company as of December 31, 2010 and 2009 and for each of
the years in the three-year period ended December 31, 2010
refers to the adoption of certain new accounting standards.
The financial statements of CTE Petrochemicals Company as of
December 31, 2010 and 2009 and for each of the three years
in the period ended December 31, 2010, incorporated in this
Prospectus by reference from Celanese Corporations Annual
Report on
Form 10-K
for the year ended December 31, 2010 have been audited by
Deloitte & Touche LLP, independent auditors, as stated
in their report, which is incorporated herein by reference. Such
financial statements have been so incorporated in reliance upon
the report of such firm given upon their authority as experts in
accounting and auditing.
The financial statements of National Methanol Company (Ibn Sina)
as of December 31, 2010 and 2009 and for each of the three
years in the period ended December 31, 2010, incorporated
in this Prospectus by reference from Celanese Corporations
Annual Report on
Form 10-K
for the year ended December 31, 2010 have been audited by
Deloitte & Touche Bakr Abulkhair & Co,
independent auditors, as stated in their report, which is
incorporated herein by reference. Such financial statements have
been so incorporated in reliance upon the report of such firm
given upon their authority as experts in accounting and auditing.
16
Celanese Corporation
SERIES A COMMON STOCK
PREFERRED STOCK
GUARANTEES OF DEBT SECURITIES
Celanese US Holdings
LLC
DEBT SECURITIES
PROSPECTUS
April 29, 2011
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
|
|
Item 14.
|
Other
Expenses of Issuance and Distribution.
|
The following table sets forth the costs and expenses payable in
connection with the distribution of the securities being
registered. All amounts are estimated.
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount
|
SEC registration fee
|
|
$
|
|
|
|
|
(1
|
)
|
Legal fees and expenses
|
|
|
|
|
|
|
(2
|
)
|
Printing fees and expenses
|
|
|
|
|
|
|
(2
|
)
|
Trustee fees and expenses
|
|
|
|
|
|
|
(2
|
)
|
Blue Sky fees and expenses
|
|
|
|
|
|
|
(2
|
)
|
Accounting fees and expenses
|
|
|
|
|
|
|
(2
|
)
|
Rating agency fees
|
|
|
|
|
|
|
(2
|
)
|
Miscellaneous expenses
|
|
|
|
|
|
|
(2
|
)
|
Total
|
|
$
|
|
|
|
|
(2
|
)
|
|
|
|
(1)
|
|
To be deferred pursuant to
Rule 456(b) and calculated in connection with the offering
of securities under this registration statement pursuant to
Rule 457(r).
|
(2)
|
|
An estimate of the aggregate
amount of these expenses will be reflected in the applicable
prospectus supplement.
|
|
|
Item 15.
|
Indemnification
of Directors and Officers.
|
Celanese
Corporation
Celanese Corporation is a Delaware corporation.
Section 145(a) of the Delaware General Corporation Law
(DGCL) provides that a Delaware corporation may indemnify any
person who was or is a party or is threatened to be made a party
to any threatened, pending or completed action, suit or
proceeding, whether civil, criminal, administrative or
investigative, other than an action by or in the right of the
corporation, by reason of the fact that such person is or was a
director, officer, employee or agent of the corporation, or is
or was serving at the request of the corporation as a director,
officer, employee or agent of another corporation, partnership,
joint venture, trust or other enterprise, against expenses
(including attorney fees), judgments, fines and amounts paid in
settlement actually and reasonably incurred by the person in
connection with such action, suit or proceeding if the person
acted in good faith and in a manner the person reasonably
believed to be in or not opposed to the best interests of the
corporation, and, with respect to any criminal action or
proceeding, had no reasonable cause to believe his or her
conduct was unlawful.
Section 145(b) of the DGCL provides that a Delaware
corporation may indemnify any person who was or is a party or is
threatened to be made a party to any threatened, pending or
completed action or suit by or in the right of the corporation
to procure a judgment in its favor by reason of the fact that
such person acted in any of the capacities set forth above,
against expenses actually and reasonably incurred by such person
in connection with the defense or settlement of such action or
suit if the person acted in good faith and in a manner the
person reasonably believed to be in or not opposed to the best
interests of the corporation, except that no indemnification
shall be made in respect of any claim, issue or matter as to
which such person shall have been adjudged to be liable to the
corporation, unless and only to the extent that the Court of
Chancery or the court in which such action or suit was brought
shall determine that, despite the adjudication of liability but
in view of all the circumstances of the case, such person is
fairly and reasonably entitled to indemnity for such expenses
which the court shall deem proper.
Further subsections of DGCL Section 145 provide that:
|
|
|
|
(1)
|
to the extent a present or former director or officer of a
corporation has been successful on the merits or otherwise in
the defense of any action, suit or proceeding referred to in
subsections (a) and (b) of Section 145 or in the
defense of any claim, issue or matter therein, such person shall
be indemnified
|
II-1
|
|
|
|
|
against expenses, including attorneys fees, actually and
reasonably incurred by such person in connection therewith;
|
|
|
|
|
(2)
|
the indemnification and advancement of expenses provided for
pursuant to Section 145 shall not be deemed exclusive of
any other rights to which those seeking indemnification or
advancement of expenses may be entitled under any bylaw,
agreement, vote of stockholders or disinterested directors or
otherwise; and
|
|
|
(3)
|
the corporation shall have the power to purchase and maintain
insurance on behalf of any person who is or was a director,
officer, employee or agent of the corporation, or is or was
serving at the request of the corporation as a director,
officer, employee or agent of another corporation, partnership,
joint venture, trust or other enterprise, against any liability
asserted against such person and incurred by such person in any
such capacity, or arising out of such persons status as
such, whether or not the corporation would have the power to
indemnify such person against such liability under
Section 145.
|
Section 145 of the DGCL makes provision for the
indemnification of officers and directors in terms sufficiently
broad to indemnify officers and directors of Celanese
Corporation under certain circumstances from liabilities
(including reimbursement for expenses incurred) arising under
the Securities Act of 1933, as amended. Celanese
Corporations Certificate of Incorporation and By-laws
provide, in effect, that, to the fullest extent and under the
circumstances permitted by Section 145 of the DGCL,
Celanese Corporation will indemnify any person who was or is a
party or is threatened to be made a party to any threatened,
pending or completed action, suit or proceeding, whether civil,
criminal, administrative or investigative, by reason of the fact
that he or she is or was a director or officer of Celanese
Corporation or is or was serving at the request of Celanese
Corporation as a director or officer of another corporation or
enterprise. Celanese Corporation may, in its discretion,
similarly indemnify its employees and agents.
Celanese Corporation has established an Employee Indemnification
Policy that provides that Celanese Corporation and its
subsidiaries will indemnify and hold harmless each director and
officer against any taxes, interest, penalties, reasonable
expenses (including reasonable counsel fees), judgments,
settlement costs, fines, liabilities, damages, fees or other
charges assessed against, suffered, or incurred by such
indemnified employee in any action, arbitration, audit, hearing,
investigation, litigation, suit or claim (whether criminal,
civil, or administrative) as a direct or indirect result of such
indemnified employees service (i) as an
administrator, fiduciary, officer, trustee, custodian, agent,
employee or other representative of any employee benefit plan
sponsored by Celanese Corporation or its subsidiaries or
(ii) as a director, manager or officer of any of Celanese
Corporations subsidiaries, unless it is finally judicially
determined that: (a) the act, omission, or failure to act
of the indemnified employee was material to the claim; and
(b)(1) the act or omission was committed in bad faith or was the
result of active and deliberate dishonesty, or (2) the
indemnified employee actually received an improper personal
benefit in money, property or services. The Employee
Indemnification Policy also provides for reimbursement of
reasonable expenses (including reasonable legal fees) incurred
in the investigation of any such matter.
To the fullest extent permitted by the DGCL, the By-laws of
Celanese Corporation relieve its directors and officers, and
directors and officers of affiliated subsidiaries, from expenses
incurred in connection with a compelled action brought by or in
the right of Celanese Corporation if such director or officer
acted in good faith and in a manner such director or officer
reasonably believed to not be in or opposed to Celanese
Corporations best interests. However, the By-laws of
Celanese Corporation provide that a director or officer shall
not be indemnified for any claim, issue or matter as to which
such director or officer is adjudged liable to Celanese
Corporation unless, and only to the extent that, the Delaware
Court of Chancery or the court in which such judgment is
rendered determines that, despite the adjudication of liability
but in view of all the circumstances of the case, such director
or officer is fairly and reasonably entitled to indemnity for
such expenses and costs as court deems proper.
In addition, Section 102(b)(7) of the DGCL provides that a
corporation is restricted from relieving its directors from
personal liability to such corporation or its stockholders for
monetary damages for any breach of their fiduciary duty as
directors (i) for a breach of the duty of loyalty,
(ii) for acts or omissions not in good faith, or which
involve intentional misconduct or a knowing violation of law,
(iii) for willful or negligent violations of certain
provisions in the DGCL imposing certain requirements with
respect to stock repurchases, redemptions and dividends, or
(iv) for any transactions from which the director derived
an improper personal benefit.
II-2
Celanese Corporation currently maintains an insurance policy
which, within the limits and subject to the terms and conditions
thereof, covers certain expenses and liabilities that may be
incurred by directors and officers in connection with
proceedings that may be brought against them as a result of an
act or omission committed or suffered while acting as a director
or officer of Celanese Corporation.
Celanese
US Holdings LLC
Celanese US Holdings LLC is a Delaware limited liability company
managed and operated by its sole member.
Section 18-108
of the Delaware Limited Liability Company Act (DLLCA) provides
that, subject to such standards and restrictions, if any, as are
set forth in its limited liability company agreement, a Delaware
limited liability company may, and shall have the power to,
indemnify and hold harmless any member or manager or other
person from and against any and all claims and demands
whatsoever.
The limited liability company agreement of Celanese US Holdings
LLC provides that its member and any officer of Celanese US
Holdings LLC shall be entitled to indemnification for any loss,
damage or claim incurred by the member or officer by reason of
any act or omission performed or omitted by the member or
officer in good faith on behalf of Celanese US Holdings LLC and
in a manner reasonably believed to be within the scope of the
authority conferred on the member or officer by the limited
liability company agreement, except that the member or officer
is not entitled to indemnification for any loss, damage or claim
incurred by the member by reason of the member or officers
gross negligence or willful misconduct.
Co-Registrants
Certain officers and other employees of Celanese Corporation
serve at the request of Celanese Corporation as a director,
officer, manager, employee or agent of the co-registrants, and
thus may be entitled to indemnification under the provisions set
forth above. In addition to potential indemnification by
Celanese Corporation, the directors, officers, managers,
employees and agents of the co-registrants are also entitled to
indemnification and exculpation for certain monetary damages to
the extent provided in the applicable co-registrants
organizational documents or under the laws under which the
co-registrants are organized as described below. In addition,
directors and officers of the co-registrants are entitled to
indemnification pursuant to the Employee Indemnification Policy
described above.
Delaware
Corporations
The co-registrants that are Delaware corporations are subject to
the provisions of the DGCL described above with respect to
Celanese Corporation. The certificates of incorporation and
by-laws of these co-registrants provide, in effect, that, to the
fullest extent and under the circumstances permitted by the
DGCL, each co-registrant that is a Delaware corporation will
indemnify any person who was or is a party, or is threatened to
be made a party, to any threatened, pending or completed action,
suit or proceeding, whether or not by or in the right of such
co-registrant, and whether civil, criminal, administrative,
investigative or otherwise, by reason of the fact that such
person is or was a director, officer or employee of such
co-registrant, or is or was serving at the request of such
co-registrant as a director, officer, employee or agent of
another corporation or enterprise.
Delaware
Limited Liability Companies
The co-registrants that are Delaware limited liability companies
are each managed and operated by a board of managers appointed
by the limited liability companys sole member. These
co-registrants are subject to
Section 18-108
of the DLLCA, which provides that, subject to such standards and
restrictions, if any, as are set forth in its limited liability
company agreement, a Delaware limited liability company may, and
shall have the power to, indemnify and hold harmless any member
or manager or other person from and against any and all claims
and demands whatsoever.
The limited liability company agreements of Celanese Americas
LLC, Celanese Fibers Operations LLC, and CNA Holdings LLC,
provide that each of these co-registrants shall, to the fullest
extent permitted by applicable law, indemnify and hold harmless
any person made or threatened to be made a party to any
threatened, pending or completed action, suit or proceeding,
whether civil, criminal, administrative or investigative, by
reason of the fact that such person is or was a manager or
officer of these co-registrants or is or was serving at the
request of the these co-registrants as a director or officer of
another corporation, partnership, joint venture, trust or other
enterprise. The aforementioned co-registrants may also
indemnify, to the fullest extent permitted by applicable law,
any person made
II-3
or threatened to be made party to any proceeding by reason of
the fact that such person is or was an employee or agent of the
co-registrants, or is or was serving at their request as an
employee or agent of another corporation, partnership, joint
venture, trust or other enterprise.
The limited liability company agreements of Celanese Acetate
LLC, KEP Americas Engineering Plastics, LLC, and Ticona LLC
provide that each of these co-registrants shall, to the fullest
extent permitted by applicable law, indemnify any person who was
or is made or is threatened to be made a party or is otherwise
involved in any action, suit or proceeding, whether civil,
criminal, administrative or investigative, by reason of the fact
that he, or a person for whom he is the legal representative, is
or was a manager, officer or employee of these co-registrants
or, while a manager, officer or employee of the aforementioned
co-registrants, is or was serving at the written request of
these co-registrants as a director, officer, manager, employee
or agent of another limited liability company or of a
corporation, partnership, joint venture, trust, non-profit
entity, or any other enterprise, including service with respect
to employee benefit plans, against all liability and loss
suffered and expenses actually and reasonably incurred by such
indemnified person. Notwithstanding the preceding sentence, the
aforementioned co-registrants are not required to provide
indemnification to a person in connection with a proceeding (or
part thereof) commenced by such person if such proceeding (or
part thereof) was not authorized by the sole member of such
co-registrant.
The limited liability company agreement of CNA Funding LLC
provides that it will indemnify and hold harmless the managers
and officers of the company, and the respective officers,
directors and employees of its members and managers from any
claim, loss, expense, liability, action or damage resulting from
any act or omission performed by or on behalf of the indemnified
person in their capacity as member, manager or officer. However,
the indemnified person will not be indemnified for any act or
omission that violates the CNA Funding LLC limited liability
company agreement or that constitutes fraud, gross negligence or
willful misconduct.
The limited liability company agreement of Celanese Global
Relocation LLC provides that it will indemnify and hold
harmless, to the fullest extent permitted by law, any person who
was or is made or is threatened to be made a party or is
otherwise involved in any action, suit or proceeding whether
civil, criminal, administrative or investigative, by reason of
the fact that he, or a person for whom he is the legal
representative, is or was a manager, officer or employee of
Celanese Global Relocation LLC or, while a manager, officer or
employee of the company serving at the written request of the
company as a director, officer, manager, employee or agent of
another limited liability company or of a corporation,
partnership, joint venture, trust, enterprise or nonprofit
entity including service with respect to employee benefit plans,
against all liability and loss suffered and expenses reasonably
incurred by the indemnified person. Celanese Global Relocation
LLC will indemnify the aforementioned persons in connection with
a proceeding commenced by such person only if the commencement
of such proceeding (or part thereof) by the person was
authorized by its sole member.
Texas
Limited Partnership
Celanese Ltd. is a Texas limited partnership that is managed and
operated by the employees, officers and directors of its general
partner, Celanese International Corporation. Chapter 8 of
the Texas Business Organizations Code (TBOC) requires a limited
partnership to indemnify a general partner or former general
partner who incurs expenses in connection with a legal
proceeding relating to such current or former general
partners position with the partnership. Indemnification is
mandatory only if (i) the current or former general partner
is wholly successful in the underlying legal proceeding, and
(ii) such indemnification is not otherwise prohibited by a
written partnership agreement.
Additionally, Chapter 8 permits a limited partnership to
indemnify a general partner or former general partner who acted
in good faith and reasonably believed that (i) the conduct
was in the partnerships best interests (if performed in
the general partners official capacity), or (ii) the
conduct was not opposed to the partnerships best interests
(if performed outside of the general partners official
capacity). In the case of a criminal proceeding, indemnification
is permitted only if the general partner did not have a
reasonable cause to believe its conduct was unlawful.
Chapter 8 permits indemnification of a general partner
without the necessity of indemnification provisions in the
partnership agreement. In the absence of such provisions,
however, the partnership must make the determination to
indemnify a general partner according to the guidelines provided
in Section 8.103 of the TBOC.
II-4
In all instances, Chapter 8 prohibits a limited partnership
from indemnifying a general partner or former general partner in
relation to a proceeding in which the general partner is found
to be liable for (i) willful or intentional misconduct,
(ii) breach of the duty of loyalty or (iii) an act or
omission not in good faith constituting a breach of the general
partners duty to the partnership.
Chapter 8 provides that limited partners, employees and
others who are not also general partners may be indemnified by
provisions in the partnership agreement, by contract, by common
law or through other action by the partnerships governing
authority.
The Agreement of Limited Partnership of Celanese Ltd. instructs
that the partnership shall indemnify its general partner and all
persons acting on behalf of the general partner to the fullest
extent permitted by Article 11 of the former Texas Revised
Limited Partnership Act, which was replaced by the TBOC on
January 1, 2010.
|
|
|
|
|
|
1
|
.1*
|
|
Form of Underwriting Agreement.
|
|
4
|
.1
|
|
Second Amended and Restated Certificate of Incorporation
(incorporated by reference to Exhibit 3.1 to
Celaneses Annual Report on
Form 10-K
filed with the SEC on February 11, 2011).
|
|
4
|
.2
|
|
Third Amended and Restated By-laws, effective as of
October 23, 2008 (incorporated by reference to
Exhibit 3.1 to the Current Report on
Form 8-K
filed with the SEC on October 29, 2008).
|
|
4
|
.3
|
|
Form of certificate of Series A common stock (incorporated
by reference to Exhibit 4.1 to Celaneses Registration
Statement on
Form S-1
(File
No. 333-120187)
filed with the SEC on January 13, 2005).
|
|
4
|
.4*
|
|
Form of certificate of offered preferred stock.
|
|
4
|
.5*
|
|
Form of certificate of designations for offered preferred stock.
|
|
4
|
.6
|
|
Form of Senior Debt Securities Indenture.
|
|
4
|
.7
|
|
Form of Subordinated Debt Securities Indenture.
|
|
4
|
.8*
|
|
Forms of Debt Securities.
|
|
5
|
.1
|
|
Opinion of Gibson, Dunn & Crutcher LLP.
|
|
12
|
.1
|
|
Statement of Computation of Ratio of Earnings to Fixed Charges.
|
|
23
|
.1
|
|
Consent of Gibson, Dunn & Crutcher LLP (included in
Exhibit 5.1).
|
|
23
|
.2
|
|
Consent of KPMG LLP, Independent Registered Public Accounting
Firm of Celanese Corporation.
|
|
23
|
.3
|
|
Consent of Deloitte & Touche LLP, Independent Auditors
of CTE Petrochemicals Company.
|
|
23
|
.4
|
|
Consent of Deloitte & Touche Bakr
Abulkhair & Co., Independent Auditors of National
Methanol Company.
|
|
24
|
.1
|
|
Power of Attorney with respect to Celanese Corporation.
|
|
24
|
.2
|
|
Powers of Attorney with respect to Celanese US Holdings LLC and
the co-registrants (included on the signature pages of this
registration statement).
|
|
25
|
.1
|
|
Statement of Eligibility of Trustee on
Form T-1
for Senior Debt Securities.
|
|
25
|
.2
|
|
Statement of Eligibility of Trustee on
Form T-1
for Subordinated Debt Securities.
|
* To be filed by an amendment hereto or as an exhibit to a
report filed under the Exchange Act and incorporated herein by
reference.
|
|
|
|
(a)
|
The undersigned registrants hereby undertake:
|
|
|
|
|
(1)
|
To file, during any period in which offers or sales are being
made, a post-effective amendment to this registration statement:
|
|
|
|
|
(i)
|
To include any prospectus required by Section 10(a)(3) of
the Securities Act of 1933;
|
|
|
(ii)
|
To reflect in the prospectus any facts or events arising after
the effective date of the registration statement (or the most
recent post-effective amendment thereof) which, individually or
in the aggregate, represent a fundamental change in the
information set forth in the registration statement.
Notwithstanding the foregoing, any increase or decrease in
volume of securities offered (if the total dollar value of
securities offered would not exceed that which was registered)
and any deviation from the low or high end of the estimated
maximum offering range may be reflected in the form of
|
II-5
|
|
|
|
|
prospectus filed with the Commission pursuant to
Rule 424(b) if, in the aggregate, the changes in volume and
price represent no more than 20 percent change in the
maximum aggregate offering price set forth in the
Calculation of Registration Fee table in the
effective registration statement; and
|
|
|
|
|
(iii)
|
To include any material information with respect to the plan of
distribution not previously disclosed in the registration
statement or any material change to such information in the
registration statement;
|
Provided, however, that paragraphs (a)(1)(i), (a)(1)(ii)
and (a)(1)(iii) do not apply if the information required to be
included in a post-effective amendment by those paragraphs is
contained in reports filed with or furnished to the Commission
by the registrants pursuant to section 13 or
section 15(d) of the Securities Exchange Act of 1934 that
are incorporated by reference in the registration statement, or
is contained in a form of prospectus filed pursuant to
Rule 424(b) that is part of the registration statement.
|
|
|
|
(2)
|
That, for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment shall
be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities
at that time shall be deemed to be this initial bona fide
offering thereof.
|
|
|
(3)
|
To remove from registration by means of a post-effective
amendment any of the securities being registered which remain
unsold at the termination of the offering.
|
|
|
(4)
|
That, for the purpose of determining liability under the
Securities Act of 1933 to any purchaser:
|
|
|
|
|
(A)
|
Each prospectus filed by the registrants pursuant to Rule
424(b)(3) shall be deemed to be part of the registration
statement as of the date the filed prospectus was deemed part of
and included in the registration statement; and
|
|
|
(B)
|
Each prospectus required to be filed pursuant to
Rule 424(b)(2), (b)(5) or (b)(7) as part of a registration
statement in reliance on Rule 430B relating to an offering
made pursuant to Rule 415(a)(1)(i), (vii) or
(x) for the purpose of providing the information required
by Section 10(a) of the Securities Act of 1933 shall be
deemed to be part of and included in the registration statement
as of the earlier of the date such form of prospectus is first
used after effectiveness or the date of the first contract of
sale of securities in the offering described in the prospectus.
As provided in Rule 430B, for liability purposes of the
issuer and any person that is at that date an underwriter, such
date shall be deemed to be a new effective date of the
registration statement relating to that securities in the
registration statement to which that prospectus relates, and the
offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof; provided,
however, that no statement made in a registration statement
or prospectus that is part of the registration statement or made
in a document incorporated or deemed incorporated by reference
into the registration statement or prospectus that is part of
the registration statement will, as to a purchaser with a time
of contract of sale prior to such effective date, supersede or
modify any statement that was made in the registration statement
or prospectus that was part of the registration statement or
made in any such document immediately prior to such effective
date.
|
|
|
|
|
(5)
|
That, for the purpose of determining liability of the
registrants under the Securities Act of 1933 to any purchaser in
the initial distribution of the securities, the undersigned
registrants undertake that in a primary offering of securities
of the undersigned registrants pursuant to this registration
statement, regardless of the underwriting method used to sell
the securities to the purchaser, if the securities are offered
or sold to such purchaser by means of any of the following
communications, the undersigned registrants will be sellers to
the purchaser and will be considered to offer or sell such
securities to such purchaser:
|
|
|
|
|
(i)
|
Any preliminary prospectus or prospectus of the undersigned
registrants relating to the offering required to be filed
pursuant to Rule 424;
|
II-6
|
|
|
|
(ii)
|
Any free writing prospectus relating to the offering prepared by
or on behalf of the undersigned registrants or used or referred
to by the undersigned registrants;
|
|
|
(iii)
|
The portion of any other free writing prospectus relating to the
offering containing material information about the undersigned
registrants or their securities provided by or on behalf of the
undersigned registrants; and
|
|
|
(iv)
|
Any other communication that is an offer in the offering made by
the undersigned registrants to the purchaser.
|
|
|
|
|
(b)
|
The undersigned registrants hereby undertake that, for purposes
of determining any liability under the Securities Act of 1933,
each filing of Celanese Corporations annual report
pursuant to Section 13(a) or 15(d) of the Securities
Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plans annual report pursuant to
Section 15(d) of the Securities Exchange Act of
1934) that is incorporated by reference in the registration
statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of
such securities at that time shall be deemed to be the initial
bona fide offering thereof.
|
|
|
(c)
|
Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors,
officers and controlling persons of the registrants pursuant to
the foregoing provisions, or otherwise, the registrants have
been advised that in the opinion of the Securities and Exchange
Commission such indemnification is against public policy as
expressed in the Act and is, therefore, unenforceable. In the
event that a claim for indemnification against such liabilities
(other than the payment by the registrants of expenses incurred
or paid by a director, officer or controlling person of the
registrants in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling
person in connection with the securities being registered, each
appropriate registrant will, unless in the opinion of its
counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question
whether such indemnification by it is against public policy as
expressed in the Act and will be governed by the final
adjudication of such issue.
|
II-7
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933,
Celanese Corporation certifies that it has reasonable grounds to
believe that it meets all of the requirements for filing on
Form S-3
and has duly caused this registration statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Dallas, State of Texas on April 29, 2011.
CELANESE CORPORATION
Name: Steven
M. Sterin
|
|
|
|
Title:
|
Senior Vice President and Chief
Financial Officer
|
Pursuant to the requirements of Securities Act of 1933, this
registration statement has been signed by the following persons
on April 29, 2011 in the capacities indicated below.
|
|
|
|
|
Signature
|
|
Title
|
|
|
|
|
*
David
N. Weidman
|
|
Chairman and Chief Executive Officer
(Principal Executive Officer); Director
|
|
|
|
/s/ Steven
M. Sterin
Steven
M. Sterin
|
|
Senior Vice President and Chief Financial Officer
(Principal Financial Officer)
|
|
|
|
*
Christopher
W. Jensen
|
|
Senior Vice President, Finance
(Principal Accounting Officer)
|
|
|
|
*
James
E. Barlett
|
|
Director
|
|
|
|
*
David
F. Hoffmeister
|
|
Director
|
|
|
|
*
Martin
G. McGuinn
|
|
Director
|
|
|
|
*
Paul
H. ONeill
|
|
Director
|
|
|
|
*
Mark
C. Rohr
|
|
Director
|
|
|
|
*
Daniel
S. Sanders
|
|
Director
|
|
|
|
*
Farah
M. Walters
|
|
Director
|
|
|
|
*
John
K. Wulff
|
|
Director
|
* The undersigned does hereby sign
this registration statement on behalf of the above-indicated
director and/or officer of Celanese Corporation pursuant to a
power of attorney executed by such director or officer. Copies
of the powers of attorney are being filed with the Securities
and Exchange Commission simultaneously herewith.
Name: Steven
M. Sterin
Attorney-in-Fact
II-8
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
co-registrant named below certifies that it has reasonable
grounds to believe that it meets all the requirements for filing
on
Form S-3
and has duly caused this registration statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Dallas, State of Texas, as of April 29, 2011.
CELANESE US HOLDINGS LLC
|
|
|
|
By:
|
/s/ Christopher W.
Jensen
|
Name: Christopher
W. Jensen
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose
signature appears below on this registration statement on
Form S-3
constitutes and appoints Christopher W. Jensen and John W.
Howard, and each of them, as his or her true and lawful
attorneys-in-fact and agents, each of whom may act without
joinder of the other, and each with full power of substitution
and resubstitution, for such person and in his or her name,
place and stead, in any and all capacities, to sign, or cause to
be signed electronically, any and all post-effective amendments
and supplements to this registration statement, and to file the
same, with all exhibits thereto and other documents in
connection therewith, with the Securities and Exchange
Commission (SEC), and to appear before the SEC in connection
with any matter relating to the registration statement, hereby
granting unto said attorneys-in-fact and agents, and each of
them, full power and authority to do and perform each and every
act and thing requisite and necessary to be done in and about
the premises, as fully to all intents and purposes as he or she
might or could do in person, hereby ratifying and confirming all
that said attorneys-in-fact and agents, or their substitutes,
may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons
in the capacities and on the dates indicated.
|
|
|
|
|
|
|
Signature
|
|
Title
|
|
Date
|
|
|
|
|
|
|
/s/ Christopher
W. Jensen
Christopher
W. Jensen
|
|
President
(Principal Executive Officer)
|
|
April 29, 2011
|
|
|
|
|
|
/s/ John
W. Howard
John
W. Howard
|
|
Vice President and Treasurer
(Principal Financial and
Accounting Officer)
|
|
April 29, 2011
|
II-9
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
co-registrant named below certifies that it has reasonable
grounds to believe that it meets all the requirements for filing
on
Form S-3
and has duly caused this registration statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Dallas, State of Texas, as of April 29, 2011.
CNA HOLDINGS LLC
|
|
|
|
By:
|
/s/ Christopher W.
Jensen
|
Name: Christopher
W. Jensen
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose
signature appears below on this registration statement on
Form S-3
constitutes and appoints Christopher W. Jensen and John W.
Howard, and each of them, as his or her true and lawful
attorneys-in-fact and agents, each of whom may act without
joinder of the other, and each with full power of substitution
and resubstitution, for such person and in his or her name,
place and stead, in any and all capacities, to sign, or cause to
be signed electronically, any and all post-effective amendments
and supplements to this registration statement, and to file the
same, with all exhibits thereto and other documents in
connection therewith, with the Securities and Exchange
Commission (SEC), and to appear before the SEC in connection
with any matter relating to the registration statement, hereby
granting unto said attorneys-in-fact and agents, and each of
them, full power and authority to do and perform each and every
act and thing requisite and necessary to be done in and about
the premises, as fully to all intents and purposes as he or she
might or could do in person, hereby ratifying and confirming all
that said attorneys-in-fact and agents, or their substitutes,
may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons
in the capacities and on the dates indicated.
|
|
|
|
|
|
|
Signature
|
|
Title
|
|
Date
|
|
|
|
|
|
|
/s/ Christopher
W. Jensen
Christopher
W. Jensen
|
|
President
(Principal Executive Officer)
|
|
April 29, 2011
|
|
|
|
|
|
/s/ John
W. Howard
John
W. Howard
|
|
Vice President and Treasurer
(Principal Financial and
Accounting Officer)
|
|
April 29, 2011
|
|
|
|
|
|
/s/ Steven
M. Sterin
Steven
M. Sterin
|
|
Manager
|
|
April 29, 2011
|
II-10
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
co-registrant named below certifies that it has reasonable
grounds to believe that it meets all the requirements for filing
on
Form S-3
and has duly caused this registration statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Dallas, State of Texas, as of April 29, 2011.
CELANESE AMERICAS LLC
|
|
|
|
By:
|
/s/ Christopher W.
Jensen
|
Name: Christopher
W. Jensen
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose
signature appears below on this registration statement on
Form S-3
constitutes and appoints Christopher W. Jensen and John W.
Howard, and each of them, as his or her true and lawful
attorneys-in-fact and agents, each of whom may act without
joinder of the other, and each with full power of substitution
and resubstitution, for such person and in his or her name,
place and stead, in any and all capacities, to sign, or cause to
be signed electronically, any and all post-effective amendments
and supplements to this registration statement, and to file the
same, with all exhibits thereto and other documents in
connection therewith, with the Securities and Exchange
Commission (SEC), and to appear before the SEC in connection
with any matter relating to the registration statement, hereby
granting unto said attorneys-in-fact and agents, and each of
them, full power and authority to do and perform each and every
act and thing requisite and necessary to be done in and about
the premises, as fully to all intents and purposes as he or she
might or could do in person, hereby ratifying and confirming all
that said attorneys-in-fact and agents, or their substitutes,
may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons
in the capacities and on the dates indicated.
|
|
|
|
|
|
|
Signature
|
|
Title
|
|
Date
|
|
|
|
|
|
|
/s/ Christopher
W. Jensen
Christopher
W. Jensen
|
|
President
(Principal Executive Officer)
|
|
April 29, 2011
|
|
|
|
|
|
/s/ John
W. Howard
John
W. Howard
|
|
Vice President and Treasurer
(Principal Financial and
Accounting Officer)
|
|
April 29, 2011
|
|
|
|
|
|
/s/ Steven
M. Sterin
Steven
M. Sterin
|
|
Manager
|
|
April 29, 2011
|
II-11
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
co-registrant named below certifies that it has reasonable
grounds to believe that it meets all the requirements for filing
on
Form S-3
and has duly caused this registration statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Dallas, State of Texas, as of April 29, 2011.
CELANESE CHEMICALS, INC.
|
|
|
|
By:
|
/s/ Christopher W.
Jensen
|
Name: Christopher
W. Jensen
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose
signature appears below on this registration statement on
Form S-3
constitutes and appoints Christopher W. Jensen and John W.
Howard, and each of them, as his or her true and lawful
attorneys-in-fact and agents, each of whom may act without
joinder of the other, and each with full power of substitution
and resubstitution, for such person and in his or her name,
place and stead, in any and all capacities, to sign, or cause to
be signed electronically, any and all post-effective amendments
and supplements to this registration statement, and to file the
same, with all exhibits thereto and other documents in
connection therewith, with the Securities and Exchange
Commission (SEC), and to appear before the SEC in connection
with any matter relating to the registration statement, hereby
granting unto said attorneys-in-fact and agents, and each of
them, full power and authority to do and perform each and every
act and thing requisite and necessary to be done in and about
the premises, as fully to all intents and purposes as he or she
might or could do in person, hereby ratifying and confirming all
that said attorneys-in-fact and agents, or their substitutes,
may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons
in the capacities and on the dates indicated.
|
|
|
|
|
|
|
Signature
|
|
Title
|
|
Date
|
|
|
|
|
|
|
/s/ Steven
M. Sterin
Steven
M. Sterin
|
|
President (Principal Executive
Officer); Director
|
|
April 29, 2011
|
|
|
|
|
|
/s/ Christopher
W. Jensen
Christopher
W. Jensen
|
|
Treasurer
(Principal Financial and
Accounting Officer)
|
|
April 29, 2011
|
II-12
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
co-registrant named below certifies that it has reasonable
grounds to believe that it meets all the requirements for filing
on
Form S-3
and has duly caused this registration statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Dallas, State of Texas, as of April 29, 2011.
CELTRAN, INC.
Name: John
W. Howard
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose
signature appears below on this registration statement on
Form S-3
constitutes and appoints Christopher W. Jensen and John W.
Howard, and each of them, as his or her true and lawful
attorneys-in-fact and agents, each of whom may act without
joinder of the other, and each with full power of substitution
and resubstitution, for such person and in his or her name,
place and stead, in any and all capacities, to sign, or cause to
be signed electronically, any and all post-effective amendments
and supplements to this registration statement, and to file the
same, with all exhibits thereto and other documents in
connection therewith, with the Securities and Exchange
Commission (SEC), and to appear before the SEC in connection
with any matter relating to the registration statement, hereby
granting unto said attorneys-in-fact and agents, and each of
them, full power and authority to do and perform each and every
act and thing requisite and necessary to be done in and about
the premises, as fully to all intents and purposes as he or she
might or could do in person, hereby ratifying and confirming all
that said attorneys-in-fact and agents, or their substitutes,
may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons
in the capacities and on the dates indicated.
|
|
|
|
|
|
|
Signature
|
|
Title
|
|
Date
|
|
|
|
|
|
|
/s/ John
W. Howard
John
W. Howard
|
|
Vice President
(Principal Executive Officer and
Principal Financial and
Accounting Officer)
|
|
April 29, 2011
|
|
|
|
|
|
/s/ Steven
M. Sterin
Steven
M. Sterin
|
|
Director
|
|
April 29, 2011
|
II-13
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, each
co-registrant named below certifies that it has reasonable
grounds to believe that it meets all the requirements for filing
on
Form S-3
and has duly caused this registration statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Dallas, State of Texas, as of April 29, 2011.
CELANESE INTERNATIONAL CORPORATION
CELANESE LTD.
|
|
|
|
By:
|
CELANESE INTERNATIONAL CORPORATION, its general partner
|
|
|
|
|
By:
|
/s/ Douglas
M. Madden
|
Name: Douglas
M. Madden
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose
signature appears below on this registration statement on
Form S-3
constitutes and appoints Christopher W. Jensen and John W.
Howard, and each of them, as his or her true and lawful
attorneys-in-fact and agents, each of whom may act without
joinder of the other, and each with full power of substitution
and resubstitution, for such person and in his or her name,
place and stead, in any and all capacities, to sign, or cause to
be signed electronically, any and all post-effective amendments
and supplements to this registration statement, and to file the
same, with all exhibits thereto and other documents in
connection therewith, with the Securities and Exchange
Commission (SEC), and to appear before the SEC in connection
with any matter relating to the registration statement, hereby
granting unto said attorneys-in-fact and agents, and each of
them, full power and authority to do and perform each and every
act and thing requisite and necessary to be done in and about
the premises, as fully to all intents and purposes as he or she
might or could do in person, hereby ratifying and confirming all
that said attorneys-in-fact and agents, or their substitutes,
may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons
in the capacities and on the dates indicated.
|
|
|
|
|
|
|
Signature
|
|
Title
|
|
Date
|
|
|
|
|
|
|
/s/ Douglas
M. Madden
Douglas
M. Madden
|
|
President
(Principal Executive Officer)
|
|
April 29, 2011
|
|
|
|
|
|
/s/ Christopher
W. Jensen
Christopher
W. Jensen
|
|
Treasurer
(Principal Financial and
Accounting Officer)
|
|
April 29, 2011
|
|
|
|
|
|
/s/ Steven
M. Sterin
Steven
M. Sterin
|
|
Director
|
|
April 29, 2011
|
II-14
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
co-registrant named below certifies that it has reasonable
grounds to believe that it meets all the requirements for filing
on
Form S-3
and has duly caused this registration statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Dallas, State of Texas, as of April 29, 2011.
CELANESE ACETATE LLC
Name: John
W. Howard
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose
signature appears below on this registration statement on
Form S-3
constitutes and appoints Christopher W. Jensen and John W.
Howard, and each of them, as his or her true and lawful
attorneys-in-fact and agents, each of whom may act without
joinder of the other, and each with full power of substitution
and resubstitution, for such person and in his or her name,
place and stead, in any and all capacities, to sign, or cause to
be signed electronically, any and all post-effective amendments
and supplements to this registration statement, and to file the
same, with all exhibits thereto and other documents in
connection therewith, with the Securities and Exchange
Commission (SEC), and to appear before the SEC in connection
with any matter relating to the registration statement, hereby
granting unto said attorneys-in-fact and agents, and each of
them, full power and authority to do and perform each and every
act and thing requisite and necessary to be done in and about
the premises, as fully to all intents and purposes as he or she
might or could do in person, hereby ratifying and confirming all
that said attorneys-in-fact and agents, or their substitutes,
may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons
in the capacities and on the dates indicated.
|
|
|
|
|
|
|
Signature
|
|
Title
|
|
Date
|
|
|
|
|
|
|
/s/ John
W. Howard
John
W. Howard
|
|
Vice President
(Principal Executive Officer)
|
|
April 29, 2011
|
|
|
|
|
|
/s/ Christopher
W. Jensen
Christopher
W. Jensen
|
|
Treasurer
(Principal Financial and
Accounting Officer)
|
|
April 29, 2011
|
|
|
|
|
|
/s/ Mats
Bjoerkman
Mats
Bjoerkman
|
|
Manager
|
|
April 29, 2011
|
II-15
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
co-registrant named below certifies that it has reasonable
grounds to believe that it meets all the requirements for filing
on
Form S-3
and has duly caused this registration statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Dallas, State of Texas, as of April 29, 2011.
CELANESE FIBERS OPERATIONS LLC
Name: John
W. Howard
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose
signature appears below on this registration statement on
Form S-3
constitutes and appoints Christopher W. Jensen and John W.
Howard, and each of them, as his or her true and lawful
attorneys-in-fact and agents, each of whom may act without
joinder of the other, and each with full power of substitution
and resubstitution, for such person and in his or her name,
place and stead, in any and all capacities, to sign, or cause to
be signed electronically, any and all post-effective amendments
and supplements to this registration statement, and to file the
same, with all exhibits thereto and other documents in
connection therewith, with the Securities and Exchange
Commission (SEC), and to appear before the SEC in connection
with any matter relating to the registration statement, hereby
granting unto said attorneys-in-fact and agents, and each of
them, full power and authority to do and perform each and every
act and thing requisite and necessary to be done in and about
the premises, as fully to all intents and purposes as he or she
might or could do in person, hereby ratifying and confirming all
that said attorneys-in-fact and agents, or their substitutes,
may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons
in the capacities and on the dates indicated.
|
|
|
|
|
|
|
Signature
|
|
Title
|
|
Date
|
|
|
|
|
|
|
/s/ Douglas
M. Madden
Douglas
M. Madden
|
|
President and Manager
(Principal Executive Officer)
|
|
April 29, 2011
|
|
|
|
|
|
/s/ Steven
M. Sterin
Steven
M. Sterin
|
|
Vice President
(Principal Financial and
Accounting Officer)
|
|
April 29, 2011
|
II-16
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
co-registrant named below certifies that it has reasonable
grounds to believe that it meets all the requirements for filing
on
Form S-3
and has duly caused this registration statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Dallas, State of Texas, as of April 29, 2011.
CNA FUNDING LLC
Name: John
W. Howard
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose
signature appears below on this registration statement on
Form S-3
constitutes and appoints Christopher W. Jensen and John W.
Howard, and each of them, as his or her true and lawful
attorneys-in-fact and agents, each of whom may act without
joinder of the other, and each with full power of substitution
and resubstitution, for such person and in his or her name,
place and stead, in any and all capacities, to sign, or cause to
be signed electronically, any and all post-effective amendments
and supplements to this registration statement, and to file the
same, with all exhibits thereto and other documents in
connection therewith, with the Securities and Exchange
Commission (SEC), and to appear before the SEC in connection
with any matter relating to the registration statement, hereby
granting unto said attorneys-in-fact and agents, and each of
them, full power and authority to do and perform each and every
act and thing requisite and necessary to be done in and about
the premises, as fully to all intents and purposes as he or she
might or could do in person, hereby ratifying and confirming all
that said attorneys-in-fact and agents, or their substitutes,
may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons
in the capacities and on the dates indicated.
|
|
|
|
|
|
|
Signature
|
|
Title
|
|
Date
|
|
|
|
|
|
|
/s/ John
W. Howard
John
W. Howard
|
|
Vice President
(Principal Executive Officer and
Principal Financial and
Accounting Officer)
|
|
April 29, 2011
|
|
|
|
|
|
/s/ Steven
M. Sterin
Steven
M. Sterin
|
|
Manager
|
|
April 29, 2011
|
II-17
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
co-registrant named below certifies that it has reasonable
grounds to believe that it meets all the requirements for filing
on
Form S-3
and has duly caused this registration statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Dallas, State of Texas, as of April 29, 2011.
TICONA LLC
Name: John
W. Howard
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose
signature appears below on this registration statement on
Form S-3
constitutes and appoints Christopher W. Jensen and John W.
Howard, and each of them, as his or her true and lawful
attorneys-in-fact and agents, each of whom may act without
joinder of the other, and each with full power of substitution
and resubstitution, for such person and in his or her name,
place and stead, in any and all capacities, to sign, or cause to
be signed electronically, any and all post-effective amendments
and supplements to this registration statement, and to file the
same, with all exhibits thereto and other documents in
connection therewith, with the Securities and Exchange
Commission (SEC), and to appear before the SEC in connection
with any matter relating to the registration statement, hereby
granting unto said attorneys-in-fact and agents, and each of
them, full power and authority to do and perform each and every
act and thing requisite and necessary to be done in and about
the premises, as fully to all intents and purposes as he or she
might or could do in person, hereby ratifying and confirming all
that said attorneys-in-fact and agents, or their substitutes,
may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons
in the capacities and on the dates indicated.
|
|
|
|
|
|
|
Signature
|
|
Title
|
|
Date
|
|
|
|
|
|
|
/s/ John
R. Wardzel
John
R. Wardzel
|
|
Vice President (Principal Executive
Officer); Manager
|
|
April 29, 2011
|
|
|
|
|
|
/s/ John
W. Howard
John
W. Howard
|
|
Vice President
(Principal Financial and
Accounting Officer)
|
|
April 29, 2011
|
II-18
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
co-registrant named below certifies that it has reasonable
grounds to believe that it meets all the requirements for filing
on
Form S-3
and has duly caused this registration statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Dallas, State of Texas, as of April 29, 2011.
KEP AMERICAS ENGINEERING PLASTICS, LLC
Name: John
W. Howard
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose
signature appears below on this registration statement on
Form S-3
constitutes and appoints Christopher W. Jensen and John W.
Howard, and each of them, as his or her true and lawful
attorneys-in-fact and agents, each of whom may act without
joinder of the other, and each with full power of substitution
and resubstitution, for such person and in his or her name,
place and stead, in any and all capacities, to sign, or cause to
be signed electronically, any and all post-effective amendments
and supplements to this registration statement, and to file the
same, with all exhibits thereto and other documents in
connection therewith, with the Securities and Exchange
Commission (SEC), and to appear before the SEC in connection
with any matter relating to the registration statement, hereby
granting unto said attorneys-in-fact and agents, and each of
them, full power and authority to do and perform each and every
act and thing requisite and necessary to be done in and about
the premises, as fully to all intents and purposes as he or she
might or could do in person, hereby ratifying and confirming all
that said attorneys-in-fact and agents, or their substitutes,
may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons
in the capacities and on the dates indicated.
|
|
|
|
|
|
|
Signature
|
|
Title
|
|
Date
|
|
|
|
|
|
|
/s/ Steven
M. Sterin
Steven
M. Sterin
|
|
Vice President
(Principal Executive Officer)
|
|
April 29, 2011
|
|
|
|
|
|
/s/ John
W. Howard
John
W. Howard
|
|
Vice President
(Principal Financial and
Accounting Officer); Manager
|
|
April 29, 2011
|
II-19
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, each
co-registrant named below certifies that it has reasonable
grounds to believe that it meets all the requirements for filing
on
Form S-3
and has duly caused this registration statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Dallas, State of Texas, as of April 29, 2011.
TICONA FORTRON INC.
TICONA POLYMERS, INC.
Name: John
W. Howard
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose
signature appears below on this registration statement on
Form S-3
constitutes and appoints Christopher W. Jensen and John W.
Howard, and each of them, as his or her true and lawful
attorneys-in-fact and agents, each of whom may act without
joinder of the other, and each with full power of substitution
and resubstitution, for such person and in his or her name,
place and stead, in any and all capacities, to sign, or cause to
be signed electronically, any and all post-effective amendments
and supplements to this registration statement, and to file the
same, with all exhibits thereto and other documents in
connection therewith, with the Securities and Exchange
Commission (SEC), and to appear before the SEC in connection
with any matter relating to the registration statement, hereby
granting unto said attorneys-in-fact and agents, and each of
them, full power and authority to do and perform each and every
act and thing requisite and necessary to be done in and about
the premises, as fully to all intents and purposes as he or she
might or could do in person, hereby ratifying and confirming all
that said attorneys-in-fact and agents, or their substitutes,
may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons
in the capacities and on the dates indicated.
|
|
|
|
|
|
|
Signature
|
|
Title
|
|
Date
|
|
|
|
|
|
|
/s/ John
R. Wardzel
John
R. Wardzel
|
|
Vice President (Principal Executive Officer); Director
|
|
April 29, 2011
|
|
|
|
|
|
/s/ John
W. Howard
John
W. Howard
|
|
Vice President
(Principal Financial and
Accounting Officer)
|
|
April 29, 2011
|
II-20
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
co-registrant named below certifies that it has reasonable
grounds to believe that it meets all the requirements for filing
on
Form S-3
and has duly caused this registration statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Dallas, State of Texas, as of April 29, 2011.
CELANESE GLOBAL RELOCATION LLC
Name: Steven
M. Sterin
|
|
|
|
Title:
|
Vice President and Controller
|
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose
signature appears below on this registration statement on
Form S-3
constitutes and appoints Christopher W. Jensen and John W.
Howard, and each of them, as his or her true and lawful
attorneys-in-fact and agents, each of whom may act without
joinder of the other, and each with full power of substitution
and resubstitution, for such person and in his or her name,
place and stead, in any and all capacities, to sign, or cause to
be signed electronically, any and all post-effective amendments
and supplements to this registration statement, and to file the
same, with all exhibits thereto and other documents in
connection therewith, with the Securities and Exchange
Commission (SEC), and to appear before the SEC in connection
with any matter relating to the registration statement, hereby
granting unto said attorneys-in-fact and agents, and each of
them, full power and authority to do and perform each and every
act and thing requisite and necessary to be done in and about
the premises, as fully to all intents and purposes as he or she
might or could do in person, hereby ratifying and confirming all
that said attorneys-in-fact and agents, or their substitutes,
may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons
in the capacities and on the dates indicated.
|
|
|
|
|
|
|
Signature
|
|
Title
|
|
Date
|
|
|
|
|
|
|
/s/ Steven
M. Sterin
Steven
M. Sterin
|
|
Vice President and Controller
(Principal Executive Officer); Manager
|
|
April 29, 2011
|
|
|
|
|
|
/s/ John
W. Howard
John
W. Howard
|
|
Vice President, Tax
(Principal Financial and
Accounting Officer)
|
|
April 29, 2011
|
II-21
EXHIBIT INDEX
|
|
|
Exhibit
|
|
|
Number
|
|
Description
|
1.1*
|
|
Form of Underwriting Agreement.
|
4.1
|
|
Second Amended and Restated Certificate of Incorporation
(incorporated by reference to Exhibit 3.1 to
Celaneses Annual Report on
Form 10-K
filed with the SEC on February 11, 2011).
|
4.2
|
|
Third Amended and Restated By-laws, effective as of
October 23, 2008 (incorporated by reference to
Exhibit 3.1 to the Current Report on
Form 8-K
filed with the SEC on October 29, 2008).
|
4.3
|
|
Form of certificate of Series A common stock (incorporated
by reference to Exhibit 4.1 to Celaneses Registration
Statement on
Form S-1
(File
No. 333-120187)
filed with the SEC on January 13, 2005).
|
4.4*
|
|
Form of certificate of offered preferred stock.
|
4.5*
|
|
Form of certificate of designations for offered preferred stock.
|
4.6
|
|
Form of Senior Debt Securities Indenture.
|
4.7
|
|
Form of Subordinated Debt Securities Indenture.
|
4.8*
|
|
Forms of Debt Securities.
|
5.1
|
|
Opinion of Gibson, Dunn & Crutcher LLP.
|
12.1
|
|
Statement of Computation of Ratio of Earnings to Fixed Charges.
|
23.1
|
|
Consent of Gibson, Dunn & Crutcher LLP (included in
Exhibit 5.1).
|
23.2
|
|
Consent of KPMG LLP, Independent Registered Public Accounting
Firm of Celanese Corporation.
|
23.3
|
|
Consent of Deloitte & Touche LLP, Independent Auditors
of CTE Petrochemicals Company.
|
23.4
|
|
Consent of Deloitte & Touche Bakr
Abulkhair & Co., Independent Auditors of National
Methanol Company.
|
24.1
|
|
Power of Attorney with respect to Celanese Corporation.
|
24.2
|
|
Powers of Attorney with respect to Celanese US Holdings LLC and
the co-registrants (included on the signature pages of this
registration statement).
|
25.1
|
|
Statement of Eligibility of Trustee on
Form T-1
for Senior Debt Securities.
|
25.2
|
|
Statement of Eligibility of Trustee on
Form T-1
for Subordinated Debt Securities.
|
* To be filed by an amendment
hereto or as an exhibit to a report filed under the Exchange Act
and
incorporated herein by reference.