Celanese Corporation CE recently declared that its subsidiary—Celanese US Holdings LLC—has completed a registered offering of €500 million (around $590 million) of 0.625% senior notes due 2028.The completion of the offering meets the financing condition linked to the earlier-announced tender offer to purchase for cash up to €300 million (around $354 million) total principal amount of the company’s 1.125% senior notes due 2023.The net proceeds from the issuance of the notes are expected to be used to finance the tender offer and for general corporate purposes. The company might temporarily invest funds that are not currently required for these purposes in short-term investments, including marketable securities.The company stated that this offering and the tender are additional transactions to spread out its debt maturities and lower its interest expenses. The continued strength in its business performance is reflected in the recently-improved credit rating and outlook. This enables it to extend its debt maturities at reduced borrowing costs, the company noted.Shares of Celanese have surged 40% in the past year against 19.4% rise of the industry.Image Source: Zacks Investment ResearchCelanese, in its last earnings call, stated that it is investing in future growth through organic opportunities within its businesses, disciplined M&A like the Santoprene buyout and share buybacks. It forecasts that continued moderation in the Acetyl Chain industry pricing, as the year progresses, will be partly offset by strong demand fundamentals across its businesses and modest continued sequential earnings momentum in Engineered Materials.The company expects third-quarter adjusted earnings in the range of $4.5-$4.75 per share and full-year adjusted earnings of $16.50-$17 per share.Celanese Corporation Price and Consensus Celanese Corporation price-consensus-chart | Celanese Corporation Quote Zacks Rank & Key PicksCelanese currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the basic materials space are Nucor Corporation NUE, Dow Inc. DOW and Cabot Corporation CBT.Nucor has a projected earnings growth rate of around 478.7% for the current year. The company’s shares have soared 140.2% in a year. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Dow has an expected earnings growth rate of around 403% for the current year. The company’s shares have gained 20.6% in the past year. It currently carries a Zacks Rank #2 (Buy).Cabot has an expected earnings growth rate of around 138.5% for the current fiscal. The company’s shares have rallied 31.6% in the past year. It currently carries a Zacks Rank #2. Tech IPOs With Massive Profit Potential: Last years top IPOs surged as much as 299% within the first two months. With record amounts of cash flooding into IPOs and a record-setting stock market, this year could be even more lucrative. See Zacks’ Hottest Tech IPOs Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Nucor Corporation (NUE): Free Stock Analysis Report Dow Inc. (DOW): Free Stock Analysis Report Celanese Corporation (CE): Free Stock Analysis Report Cabot Corporation (CBT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research