Methanex Corporation Announces Successful Syndication of Acquisition Financing [Canadian Business Journal (Canada)]
Methanex Corporation (MEOH)
Last methanex corporation earnings: 1/29 05:01 pm
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Source: Canadian Business Journal
VANCOUVER, British Columbia, Oct. 29, 2024 (GLOBE NEWSWIRE) — Methanex Corporation (TSX:MX) (NASDAQ:MEOH) (“Company”) announced today the successful 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:The syndication banks continue to underwrite the remaining bridge facility of $525 million.Dean Richardson, Senior Vice President, Finance & Chief Financial Officer of Methanex, said, “I am pleased to announce this successful syndication which had the unanimous support of our banking partners. The structure of the Term Loan A provides flexibility to support our commitment to de-lever.”Methanex is a Vancouver-based, publicly traded company and is the world’s largest supplier of methanol to major international markets. Methanex shares are listed for trading on the Toro
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MEOH
News
- Methanex Co. (NASDAQ: MEOH) was upgraded by analysts at Cibc World Mkts from a "hold" rating to a "strong-buy" rating.MarketBeat
- Methanex Co. (NASDAQ: MEOH) had its "outperformer" rating re-affirmed by analysts at CIBC. They now have a $59.00 price target on the stock, up previously from $48.00.MarketBeat
- Should Value Investors Buy Methanex (MEOH) Stock? [Yahoo! Finance]Yahoo! Finance
- Why Methanex (MEOH) is a Top Momentum Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- Are Investors Undervaluing Methanex (MEOH) Right Now? [Yahoo! Finance]Yahoo! Finance
MEOH
Earnings
- 11/6/24 - Beat
MEOH
Sec Filings
- 11/29/24 - Form 6-K
- 11/29/24 - Form 6-K
- 11/29/24 - Form 6-K
- MEOH's page on the SEC website