Methanex Corporation Announces Successful Syndication of Acquisition Financing [Yahoo! Finance]
Methanex Corporation (MEOH)
Last methanex corporation earnings: 1/29 05:01 pm
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methanex.com/investor-relations
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Source: Yahoo! Finance
syndication of acquisition financing to support the earlier announced agreement to acquire OCI Global's international methanol business (“OCI Acquisition”) for $2.05 billion. The new financing arrangements are with a syndicate of highly rated financial institutions and include: Up to $650 million in Term Loan A commitments which can be drawn upon closing of the OCI Acquisition. The Term Loan A carries a variable interest rate and is split between three and four-year tenors that can be flexibly repaid to support de-levering. $600 million in revolving credit facility commitments, split between a $400 million tranche which will have a renewed five-year tenor and a $200 million tranche with a three-year tenor, both from closing of the OCI Acquisition. This new facility will replace the Company's existing $500 million facility which remains available until the transaction closes. Both the Term Loan A and new revolving credit facility include financial covenants consistent with the
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MEOH
News
- Are Investors Undervaluing Methanex (MEOH) Right Now? [Yahoo! Finance]Yahoo! Finance
- Methanex Declares Upsize and Pricing of Senior Unsecured Notes [Yahoo! Finance]Yahoo! Finance
- Methanex Announces Upsize and Pricing of Senior Unsecured Notes [Canadian Business Journal (Canada)]Canadian Business Journal
- Methanex Announces Upsize and Pricing of Senior Unsecured Notes [Yahoo! Finance]Yahoo! Finance
- Methanex Announces Upsize and Pricing of Senior Unsecured NotesGlobeNewswire
MEOH
Earnings
- 11/6/24 - Beat
MEOH
Sec Filings
- 11/19/24 - Form 6-K
- 11/19/24 - Form 6-K
- 11/19/24 - Form 6-K
- MEOH's page on the SEC website