An anonymous director reports
METHANEX ANNOUNCES OFFERING OF SENIOR UNSECURED NOTES
Methanex Corp.'s wholly owned subsidiary, Methanex U.S. Operations Inc., has launched an offering of $500-million (U.S.) aggregate principal amount of senior unsecured notes due 2032 in a private offering exempt from the registration requirements of the United States Securities Act of 1933, as amended. The notes will be guaranteed on a senior basis by Methanex. Methanex intends to use the net proceeds from the offering to finance a portion of the cash purchase price of its previously announced agreement to acquire OCI Global's international methanol business.
The notes will be subject to a special mandatory redemption if either: (i) the OCI acquisition is not completed within the time period required by the related acquisition agreement, as it may be extended (but in no event later than May 31, 2026); or (ii) Methanex publicly announces that it will not proceed with the OCI acquisition for any reason, as further described in the terms of the notes.
About Methanex Corp.
Methanex is a Vancouver-based, publicly traded company and is the world's largest supplier of methanol to major international markets.
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