Date Closed

November 22, 2024

Lead Office

Vancouver

Value

600.00 Million USD

On November 22, 2024, Methanex Corporation (“Methanex”) completed, through its wholly-owned subsidiary, Methanex US Operations Inc., a private placement of US$600 million aggregate principal amount of 6.250% senior unsecured notes due 2032 (the “notes”) in a private offering (the “Offering”). The notes were issued at a price of 99.289% of the aggregate principal amount, with an effective yield to maturity of 6.375%, and will be guaranteed on a senior basis by Methanex. 

Methanex intends to use the net proceeds from the Offering to fund a portion of the cash purchase price of its previously announced agreement to acquire OCI Global’s international methanol business and for general corporate purposes. 

Methanex is the world’s largest producer and supplier of methanol to major international markets in North America, Asia Pacific, Europe and South America.

McCarthy Tétrault advised Methanex as Canadian counsel with a team led by Liezl Behm, Linda Brown and Robin Mahood that included Jenna Clark (Business), Josh Friedman (Financial Services) and Jeremy Ho (Tax).