Chemours to tap $300 million from loan facility [MarketWatch]
Chemours Company (The) (CC)
Last chemours company (the) earnings: 2/13 04:15 pm
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investors.chemours.com/investor-relations/default.aspx
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Source: MarketWatch
The Chemours Co. said late Friday that it was drawing $300 million from its $800 million revolving credit facility "out of an abundance of caution" amid the economic destruction wreaked by the novel coronavirus pandemic. "This action helps to balance our access to domestic and non-domestic cash, and increase our near-term financial flexibility," Chief Executive Mark Vergnano said in a statement. Repaying the $300 million will happen "when the uncertainty in the global markets subsides," the chemicals company said. Chemours confirmed it had cash and cash equivalents plus borrowing capacity around $1.6 billion as of Dec. 31. It said it had no upcoming maturities of senior debt until 2023. "While the current environment remains uncertain, we remain confident in our financial position, the strength of our businesses, and the long-term prospects for Chemours," Vergnano said. Shares of Chemours fell 1.5% in the extended session after ending the regular trading day down 3.3%.
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CC
News
- Chemours Appoints Michael Foley as President of Titanium Technologies; Announces Departure of Damián GumpelBusiness Wire
- Chemours (NYSE:CC) had its price target lowered by analysts at JPMorgan Chase & Co. from $15.00 to $13.00. They now have a "neutral" rating on the stock.MarketBeat
- Chemours (NYSE:CC) had its price target lowered by analysts at UBS Group AG from $21.00 to $18.00. They now have a "buy" rating on the stock.MarketBeat
- Chemours (NYSE:CC) had its price target lowered by analysts at Truist Financial Corporation from $21.00 to $18.00. They now have a "buy" rating on the stock.MarketBeat
- Chemours (NYSE:CC) had its price target lowered by analysts at Royal Bank Of Canada from $19.00 to $17.00. They now have an "outperform" rating on the stock.MarketBeat
CC
Earnings
- 11/6/25 - Beat
CC
Sec Filings
- 11/6/25 - Form 10-Q
- 11/6/25 - Form 8-K
- 10/31/25 - Form 8-K
- CC's page on the SEC website