Celanese to contribute $100 million to pension plan
By Kevin Olsen | November 13, 2012 3:19 pm
Celanese Corp., Dallas, will make a $100 million contribution to its U.S. pension plan, funding for which will come from a $500 million bond offering, according to a company news release.
Celanese contributed $181 million to the plan in 2011 and an estimated $137 million this year, according to a 10-K filing.
The company's defined benefit plan had $2.13 billion in assets and $3.54 billion in liabilities as of Dec. 31, for a funded status of 60.2%.
The pension plan has an asset allocation of 53% domestic fixed income, 26% domestic equity, 20% international equity and 1% other investments.
Spokeswoman Linda Beheler said no Celanese executives were available to provide additional information.