THE CHEMOURS COMPANY

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CHEMOURS CO : Other Events (form 8-K)

08/31/2020 | 04:30pm

Item 8.01. Other Events.

On August 28, 2020, The Chemours Company (the "Company") repaid $200 million of its outstanding borrowings under its five-year, $800 million senior secured revolving credit facility (the "Facility"). As previously disclosed in its Form 8-K filed with the Securities and Exchange Commission on April 3, 2020, the Company had borrowed $300 million under the Facility as a precautionary measure in light of macroeconomic uncertainties driven by the current novel coronavirus ("COVID-19"). Following this repayment, borrowings of $100 million remain outstanding under the Facility.

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