THE CHEMOURS COMPANY

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CHEMOURS CO : Other Events (form 8-K)

09/17/2020 | 04:26pm

Item 8.01. Other Events.

On September 17, 2020, The Chemours Company (the "Company") repaid the remaining $100 million of 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"). The Company repaid $200 million of the outstanding borrowings on August 28, 2020, as previously disclosed in its Form 8-K filed with the Securities and Exchange Commission on August 31, 2020. Following the Company's repayment of $100 million on September 17, 2020, no borrowings remain outstanding under the Facility.

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