Document:

EX-4.1

 

EXHIBIT 4.1

CRYSTAL US HOLDINGS 3 L.L.C.

CRYSTAL US SUB 3 CORP.

10% Series A Senior Discount Notes due 2014

101/2% Series B Senior Discount Notes due 2014

 

SECOND SUPPLEMENTAL INDENTURE

Dated as of March 21, 2007

with respect to the

INDENTURE

Dated as of September 24, 2004

 

THE BANK OF NEW YORK,

as Trustee

 

 

SECOND SUPPLEMENTAL INDENTURE

     Second Supplemental Indenture (this “Supplemental Indenture”), dated as of March 21, 2007
among Crystal US Holdings 3 L.L.C., a Delaware limited liability company, Crystal US Sub 3 Corp., a
Delaware corporation and a subsidiary of Crystal US Holdings 3 L.L.C. (collectively, “Crystal”),
Celanese Corporation, a Delaware corporation, as guarantor under the First Supplemental Indenture
referred to below (“Celanese”), and The Bank of New York, as trustee under the Indenture referred
to below (the “Trustee”).

WITNESSETH

     A. WHEREAS, Crystal has heretofore executed and delivered to the Trustee an indenture (as
amended, supplemented, or otherwise modified, the “Indenture”), dated as of September 24, 2004,
providing for the issuance of 10% Series A Senior Discount Notes due 2014 and 101/2% Series B Senior
Discount Notes Due 2014 (collectively, the “Notes”), as amended by a supplemental indenture, dated
as of March 30, 2005 (the “First Supplemental Indenture”), among Crystal, Celanese and the Trustee.

     B. WHEREAS, pursuant to and in accordance with Section 9.02 of the Indenture, Crystal has
obtained, on or prior to the date hereof, the consent of the holders of at least a majority in
principal amount at maturity of the Notes then outstanding issued under the Indenture to the
amendments to the Indenture set forth in this Supplemental Indenture.

     NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, it is mutually covenanted and agreed
for the equal and ratable benefit of the holders of the Notes as follows:

     1. Capitalized Terms. Capitalized terms used herein without definition shall have the
meanings assigned to them in the Indenture.

     2. Amendments to Indenture. At such time as Crystal delivers written notice to the Trustee
and D.F. King & Co., Inc., the Tender Agent for the Notes for purposes of a tender offer and
consent solicitation for the Notes, that Notes representing at least a majority in aggregate
principal amount of outstanding Notes tendered (and not validly withdrawn) have been accepted for
purchase pursuant to Crystal’s Offer to Purchase and Consent Solicitation Statement dated March 6,
2007, the following amendments will become operative:

(a) The following Sections of the Indenture, and any corresponding provisions in the
Notes, hereby are deleted in their entirety and replaced with “[Intentionally Omitted],” and
all references made thereto throughout the Indenture and the Notes shall be deleted in their
entirety:

2

 

	 	 	 
	Existing Section Number	 	Caption
	 
	Section 4.02
	 	Reports and Other Information
	 
	Section 4.03
	 	Limitation on Incurrence of Indebtedness and Issuance of Preferred Stock
	 
	Section 4.04
	 	Limitation on Restricted Payments
	 
	Section 4.05
	 	Dividend and Other Payment Restrictions
Affecting Subsidiaries
	 
	Section 4.06
	 	Asset Sales
	 
	Section 4.07
	 	Transactions with Affiliates
	 
	Section 4.08
	 	Change of Control
	 
	Section 4.09
	 	Compliance Certificate
	 
	Section 4.10
	 	Further Instruments and Acts
	 
	Section 4.11
	 	Liens
	 
	Section 4.13
	 	Business Activities
	 
	Section 4.14
	 	Liquidated Damages Notices
	 
	Section 5.01

	 	Consolidation, Merger or Sale of Assets of
Crystal LLC
	 
	Section 5.02

	 	Consolidation, Merger or Sale of Assets by
Crystal Corp

(b) Paragraphs (c), (d), (e), (f), and (g) of Section 6.01 of the Indenture are hereby
deleted in their entirety and replaced with “[Intentionally Omitted],” and all references
made thereto throughout the Indenture and the Notes shall be deleted in their entirety.

(c) Sub-paragraphs (a)(ii) and (a)(iii) of Section 8.03 of the Indenture are hereby deleted
in their entirety and replaced with “[Intentionally Omitted],” and all references made
thereto throughout the Indenture and the Notes shall be deleted in their entirety.

(d) Any definitions used exclusively in the provisions of the Indenture deleted pursuant to
paragraphs (a), (b) or (c) of this Section 2 are hereby deleted in their entirety.

     3. Governing Law. THIS SUPPLEMENTAL INDENTURE AND THE NOTES SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

     4. Trustee Makes No Representation. The Trustee makes no representation as to the validity or
sufficiency of this Supplemental Indenture. The recitals herein are made by Crystal and Celanese
and not by the Trustee, and the Trustee assumes no responsibility for the correctness thereof.

     5. Counterparts. The parties may sign any number of copies of this Supplemental Indenture.
Each signed copy shall be an original, but all of them together represent the same agreement.

     6. Effect of Headings. The Section headings herein are for convenience only and shall not
affect the construction hereof.

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     7. Ratification of Indenture; Supplemental Indentures Part of Indenture. Except as expressly
amended hereby, the Indenture is in all respects ratified and confirmed and all the terms,
conditions, and provisions thereof shall remain in full force and effect. This Supplemental
Indenture shall form a part of the Indenture for all purposes, and every holder of Notes heretofore
or hereafter authenticated and delivered shall be bound hereby.

     8. Effectiveness. This Supplemental Indenture shall become effective upon execution by the
Crystal, Celanese and the Trustee.

[Signature page follows]

4

 

     IN WITNESS WHEREOF, each of the parties hereto have caused this Supplemental Indenture to be
duly executed on its behalf by its duly authorized officer as of the day and year first above
written.

	 	 	 	 	 
	 	CRYSTAL US HOLDINGS 3 L.L.C. 

CRYSTAL US SUB 3 CORP.

CELANESE CORPORATION, as Guarantor

 	 
	 	By:  	/s/ Kevin Rogan
 	 
	 	 	Name:  	Kevin J. Rogan 	 
	 	 	Title:  	Assistant Secretary 	 
	 
	 	THE BANK OF NEW YORK, as Trustee

 	 
	 	By:  	/s/ Lesley Daley
 	 
	 	 	Name:  	Lesley Daley 	 
	 	 	Title:  	Assistant Vice President 	 
	 

Second Supplemental IndentureEX-4.2

 

EXHIBIT 4.2

CELANESE US HOLDINGS LLC,

as successor to BCP Caylux Holdings Luxembourg S.C.A.

95/8% Senior Subordinated Notes due 2014

103/8% Senior Subordinated Notes due 2014

 

THIRD SUPPLEMENTAL INDENTURE

Dated as of March 21, 2007

with respect to the

INDENTURE

Dated as of June 8, 2004

 

THE BANK OF NEW YORK,

as Trustee

 

 

THIRD SUPPLEMENTAL INDENTURE

     Third Supplemental Indenture (this “Supplemental Indenture”), dated as of March 21, 2007,
among Celanese US Holdings LLC, a Delaware limited liability company (“Celanese LLC”) (formerly BCP
Crystal US Holdings Corp., a Delaware corporation (“US Holdco”), the successor to BCP Caylux
Holdings Luxembourg S.C.A., a Luxembourg partnership limited by shares (“BCP Caylux”)), Celanese
Holdings LLC, a Delaware limited liability company, as parent guarantor (the “Parent Guarantor”)
(formerly BCP Crystal Holdings Ltd. 2, a Cayman Island exempt company (“BCP Crystal”)), the
entities set forth in the schedule hereto (collectively, the “New Guarantors”) and The Bank of New
York, as trustee (the “Trustee”).

WITNESSETH

     A. WHEREAS, BCP Caylux and BCP Crystal have heretofore executed and delivered to the Trustee
an indenture (as amended, supplemented, or otherwise modified, the “Indenture”), dated as of June
8, 2004, providing for the issuance of 95/8%
 Senior Subordinated Notes due 2014 (the “Dollar Notes”)
and 103/8% Senior Subordinated Notes due 2014 (the “Euro Notes,” and collectively with the Dollar
Notes, the “Notes”), as amended by a supplemental indenture, dated as of October 5, 2004 (the
“First Supplemental Indenture”), among US Holdco, BCP Caylux, BCP Crystal and the Trustee, and as
further amended by a supplemental indenture (the “Second Supplemental Indenture”), dated as of
October 5, 2004, among US Holdco, the New Guarantors and the Trustee.

     B. WHEREAS, pursuant to and in accordance with Section 9.02 of the Indenture, Celanese LLC has
obtained, on or prior to the date hereof, the consent of the holders of at least a majority in
principal amount at maturity of the Notes then outstanding issued under the Indenture to the
amendments to the Indenture set forth in this Supplemental Indenture.

     NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, it is mutually covenanted and agreed
for the equal and ratable benefit of the holders of the Notes as follows:

     1. Capitalized Terms. Capitalized terms used herein without definition shall have the
meanings assigned to them in the Indenture.

     2. Amendments to Indenture. At such time as Celanese LLC delivers written notice to (i) the
Trustee, (ii) D.F. King & Co., Inc., the Tender Agent for the Dollar Notes for purposes of a tender
offer and consent solicitation for the Dollar Notes, and (iii) Deutsche Bank AG and Deutsche Bank
Luxembourg, S.A., the Tender Agents for the Euro Notes for purposes of a tender offer and consent
solicitation for the Euro Notes, that Notes representing at least a majority in aggregate principal
amount of outstanding Notes tendered (and not validly withdrawn) have been accepted for purchase
pursuant to the Celanese LLC’s Offer to Purchase and Consent Solicitation Statement dated March 6,
2007, the following amendments will become operative:

2

 

(a) The following Sections of the Indenture, and any corresponding provisions in the
Notes, hereby are deleted in their entirety and replaced with “[Intentionally Omitted],” and
all references made thereto throughout the Indenture and the Notes shall be deleted in their
entirety:

	 	 	 
	Existing Section Number	 	Caption
	 
	 	 
	Section 4.02
	 	Reports and Other Information
	 
	 	 
	Section 4.03
	 	Limitation on Incurrence of Indebtedness and
Issuance of Preferred Stock
	 
	 	 
	Section 4.04
	 	Limitation on Restricted Payments
	 
	 	 
	Section 4.05
	 	Dividend and Other Payment Restrictions
Affecting Subsidiaries
	 
	 	 
	Section 4.06
	 	Asset Sales
	 
	 	 
	Section 4.07
	 	Transactions with Affiliates
	 
	 	 
	Section 4.08
	 	Change of Control
	 
	 	 
	Section 4.09
	 	Compliance Certificate
	 
	 	 
	Section 4.10
	 	Further Instruments and Acts
	 
	 	 
	Section 4.11
	 	Liens
	 
	 	 
	Section 4.12
	 	Limitation of Other Senior Subordinated
Indebtedness
	 
	 	 
	Section 4.14
	 	Business Activities
	 
	 	 
	Section 5.01
	 	Consolidation, Merger or Sale of Assets by
the Issuer
	 
	 	 
	Section 5.02
	 	Consolidation, Merger or Sale of Assets by a
Guarantor
	 
	 	 
	Section 11.06
	 	Execution of Supplemental Indenture for
Future Guarantors

(b) Paragraphs (c), (d), (e), (f), (g) and (h) of Section 6.01 of the Indenture are hereby
deleted in their entirety and replaced with “[Intentionally Omitted],” and all references
made thereto throughout the Indenture and the Notes shall be deleted in their entirety.

(c) Sub-paragraphs (a)(ii) and (a)(iii) of Section 8.03 of the Indenture are hereby deleted
in their entirety and replaced with “[Intentionally Omitted],” and all references made
thereto throughout the Indenture and the Notes shall be deleted in their entirety.

(d) Paragraph (a) of Section 11.01 is hereby deleted in its entirety and replaced with the
following:

Upon issuance of the Notes, the Guaranteed Obligations (as defined
below) of the Issuer pursuant to the Notes, including any repurchase
obligation resulting from a Change of Control, shall be unconditionally
guaranteed by the Parent Guarantor, which Guarantee may be released at
any time after the issuance of the Notes at the option of the Issuer and
the Parent Guarantor. From and after the completion of the
Restructuring, the Guaranteed Obligations of the Issuer pursuant to the
Notes, including any repurchase obligation resulting from a Change of
Control, shall be unconditionally guaranteed, jointly and severally, on

3

 

an unsecured subordinated basis, by each Wholly Owned Restricted
Subsidiary of the Issuer that guarantees the Issuer’s obligations under
the Credit Agreement (each, a “Guarantor”) prior to March 21, 2007.

(e) Any definitions used exclusively in the provisions of the Indenture deleted pursuant to
paragraphs (a), (b), (c) or (d) of this Section 2 are hereby deleted in their entirety.

     3. Governing Law. THIS SUPPLEMENTAL INDENTURE AND THE NOTES SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

     4. Trustee Makes No Representation. The Trustee makes no representation as to the validity or
sufficiency of this Supplemental Indenture. The recitals herein are made by Celanese LLC, the
Parent Guarantor and the New Guarantors and not by the Trustee, and the Trustee assumes no
responsibility for the correctness thereof.

     5. Counterparts. The parties may sign any number of copies of this Supplemental Indenture.
Each signed copy shall be an original, but all of them together represent the same agreement.

     6. Effect of Headings. The Section headings herein are for convenience only and shall not
affect the construction hereof.

     7. Ratification of Indenture; Supplemental Indentures Part of Indenture. Except as expressly
amended hereby, the Indenture is in all respects ratified and confirmed and all the terms,
conditions, and provisions thereof shall remain in full force and effect. This Supplemental
Indenture shall form a part of the Indenture for all purposes, and every holder of Notes heretofore
or hereafter authenticated and delivered shall be bound hereby.

     8. Effectiveness. This Supplemental Indenture shall become effective upon execution by
Celanese LLC, the Parent Guarantor, the New Guarantors and the Trustee.

[Signature page follows]

4

 

     IN WITNESS WHEREOF, each of the parties hereto have caused this Supplemental Indenture to be
duly executed on its behalf by its duly authorized officer as of the day and year first above
written.

	 	 	 	 	 
	 	CELANESE US HOLDINGS LLC 

 	 
	 	By:  	/s/ Kevin Rogan
 	 
	 	 	Name:  	Kevin Rogan 	 
	 	 	Title:  	Assistant Secretary 	 
	 
	 	THE BANK OF NEW YORK, as Trustee

 	 
	 	By:  	/s/ Lesley Daley
 	 
	 	 	Name:  	Lesley Daley 	 
	 	 	Title:  	Assistant Vice President 	 
	 
	 	CELANESE HOLDINGS LLC 

 	 
	 	By:  	/s/ Kevin Rogan
 	 
	 	 	Name:  	Kevin Rogan 	 
	 	 	Title:  	Assistant Secretary 	 
	 

Third Supplemental Indenture

 

 

	 	 	 	 	 
	 	CELANESE ACETATE LLC

 	 
	 	By:  	/s/ Kevin Rogan
 	 
	 	 	Name:  	Kevin Rogan 	 
	 	 	Title:  	Assistant Secretary 	 
	 

Third Supplemental Indenture

 

 

	 	 	 	 	 
	 	CELANESE AMERICAS CORPORATION

 	 
	 	By:  	/s/ Kevin Rogan
 	 
	 	 	Name:  	Kevin Rogan 	 
	 	 	Title:  	Assistant Secretary 	 
	 

Third Supplemental Indenture

 

 

	 	 	 	 	 
	 	CELANESE CHEMICALS, INC.

 	 
	 	By:  	/s/ Kevin Rogan
 	 
	 	 	Name:  	Kevin Rogan 	 
	 	 	Title:  	Assistant Secretary 	 
	 

Third Supplemental Indenture

 

 

	 	 	 	 	 
	 	CELANESE FIBERS OPERATIONS, LTD.

 	 
	 	By:  	/s/ Douglas M. Madden
 	 
	 	 	Name:  	Douglas M. Madden 	 
	 	 	Title:  	President 	 
	 

Third Supplemental Indenture

 

 

\

	 	 	 	 	 
	 	CELANESE HOLDINGS, INC.

 	 
	 	By:  	/s/ Kevin Rogan
 	 
	 	 	Name:  	Kevin Rogan 	 
	 	 	Title:  	Assistant Secretary 	 
	 

Third Supplemental Indenture

 

 

	 	 	 	 	 
	 	CELANESE INTERNATIONAL CORPORATION

 	 
	 	By:  	/s/ Kevin Rogan
 	 
	 	 	Name:  	Kevin Rogan 	 
	 	 	Title:  	Assistant Secretary 	 
	 

Third Supplemental Indenture

 

 

	 	 	 	 	 
	 	CELANESE LTD.

 	 
	 	By:  	/s/ Kevin Rogan
 	 
	 	 	Name:  	Kevin Rogan 	 
	 	 	Title:  	Assistant Secretary of Celanese
 International
Corporation,
 General Partner of Celanese Ltd. 	 
	 

Third Supplemental Indenture

 

 

	 	 	 	 	 
	 	CELANESE OVERSEAS CORPORATION

 	 
	 	By:  	/s/ Kevin Rogan
 	 
	 	 	Name:  	Kevin Rogan 	 
	 	 	Title:  	Assistant Secretary 	 
	 

Third Supplemental Indenture

 

 

	 	 	 	 	 
	 	CELANESE PIPE LINE COMPANY

 	 
	 	By:  	/s/ James E. Shields
 	 
	 	 	Name:  	James E. Shields 	 
	 	 	Title:  	Vice President and Treasurer 	 
	 

Third Supplemental Indenture

 

 

	 	 	 	 	 
	 	CELTRAN, INC.

 	 
	 	By:  	/s/ James E. Shields
 	 
	 	 	Name:  	James E. Shields 	 
	 	 	Title:  	Vice President and Treasurer 	 
	 

Third Supplemental Indenture

 

 

	 	 	 	 	 
	 	CELWOOD INSURANCE COMPANY

 	 
	 	By:  	/s/ Kevin Rogan
 	 
	 	 	Name:  	Kevin Rogan 	 
	 	 	Title:  	Assistant Secretary 	 
	 

Third Supplemental Indenture

 

 

	 	 	 	 	 
	 	CNA FUNDING LLC

 	 
	 	By:  	/s/ Judy H. Yip
 	 
	 	 	Name:  	Judy H. Yip 	 
	 	 	Title:  	Vice President 	 
	 

Third Supplemental Indenture

 

 

	 	 	 	 	 
	 	CNA HOLDINGS, INC.

 	 
	 	By:  	/s/ Kevin Rogan
 	 
	 	 	Name:  	Kevin Rogan 	 
	 	 	Title:  	Assistant Secretary 	 
	 

Third Supplemental Indenture

 

 

	 	 	 	 	 
	 	FKAT LLC

 	 
	 	By:  	/s/ Kevin Rogan
 	 
	 	 	Name:  	Kevin Rogan 	 
	 	 	Title:  	Assistant Secretary 	 
	 

Third Supplemental Indenture

 

 

	 	 	 	 	 
	 	TICONA FORTRON INC.

 	 
	 	By:  	/s/ John Wardzel
 	 
	 	 	Name:  	John Wardzel 	 
	 	 	Title:  	Vice President and Principal Executive Officer 	 
	 

Third Supplemental Indenture

 

 

	 	 	 	 	 
	 	TICONA LLC

 	 
	 	By:  	/s/ Kevin Rogan
 	 
	 	 	Name:  	Kevin Rogan 	 
	 	 	Title:  	Assistant Secretary 	 
	 

Third Supplemental Indenture

 

 

	 	 	 	 	 
	 	TICONA POLYMERS, INC.

 	 
	 	By:  	/s/ Kevin Rogan
 	 
	 	 	Name:  	Kevin Rogan 	 
	 	 	Title:  	Assistant Secretary 	 
	 

Third Supplemental Indenture

 

 

SCHEDULE

NEW GUARANTORS

Celanese Acetate LLC

Celanese Americas Corporation

Celanese Chemicals, Inc.

Celanese Fibers Operations, Ltd.

Celanese Holdings, Inc.

Celanese International Corporation

Celanese Ltd.

Celanese Overseas Corporation

Celanese Pipe Line Company

Celtran, Inc.

Celwood Insurance Company

CNA Funding LLC

CNA Holdings, Inc.

FKAT LLC

Ticona Fortron Inc.

Ticona LLC

Ticona Polymers, Inc.

Third Supplemental Indenture

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