Transactions & Cases Detail



Transaction/Case Details

Methanex Corporation closes offering of US$250 million in senior unsecured notes

DATE CLOSED

February 28, 2012

BUSINESS SECTOR

Chemicals

LEAD OFFICE

Vancouver

VALUE

250 million USD


OVERVIEW

On February 28, 2012, Methanex Corporation announced closed its previously announced offering of senior unsecured notes. Methanex issued US$250 million in aggregate principal amount of 5.25% senior notes due March 1, 2022. The notes were issued at a price of 99.615% of the aggregate principal amount, with an effective yield to maturity of 5.300%.

Methanex expects to use the net proceeds from the offering for any one or more of debt repayments, working capital or other general corporate purposes.

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