Transactions & Cases Detail
Methanex Corporation closes offering of US$250 million in senior unsecured notes
February 28, 2012
250 million USD
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.