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Methanex (NASDAQ:MEOH) renews its US$300 million revolving credit facility and adds a new US$200 million tranche. The facility, arranged with a syndicate of banks, expires in 2028, with the additional tranche expiring in 2026. RBC Capital Markets served as the Arranger. The move aims to enhance financial flexibility and maintain a resilient balance sheet across the methanol price cycle.
Methanex (NASDAQ:MEOH) ha rinnovato la sua linea di credito revolving da 300 milioni di dollari USA e ha aggiunto una nuova tranche da 200 milioni di dollari. L'impianto, organizzato con un consorzio di banche, scadrà nel 2028, mentre la tranche aggiuntiva scadrà nel 2026. RBC Capital Markets ha agito come organizzatore. L'obiettivo dell'operazione è migliorare la flessibilità finanziaria e mantenere un bilancio resiliente attraverso i cicli di prezzo del metanolo.
Methanex (NASDAQ:MEOH) ha renovado su facilidad de crédito renovable de 300 millones de dólares y ha añadido un nuevo tramo de 200 millones de dólares. La facilidad, organizada con un sindicato de bancos, vence en 2028, mientras que el tramo adicional expira en 2026. RBC Capital Markets actuó como el Organizador. El movimiento busca mejorar la flexibilidad financiera y mantener una hoja de balance resistente a lo largo del ciclo de precios del metanol.
메타넥스(NASDAQ:MEOH)는 3억 달러의 회전 신용 한도를 갱신하고 새로운 2억 달러의 트랜치를 추가했습니다. 이 시설은 은행 신디케이트와 함께 마련되었으며, 2028년에 만료되며 추가 트랜치는 2026년에 만료됩니다. RBC 캐피탈 마켓이 주선자로 활동했습니다. 이 조치는 재정 유연성을 강화하고 메탄올 가격 주기를 통해 견고한 대차대조표를 유지하려는 목적을 가지고 있습니다.
Methanex (NASDAQ:MEOH) a renouvelé sa facilité de crédit renouvelable de 300 millions de dollars américains et a ajouté une nouvelle tranche de 200 millions de dollars. L'établissement, organisé avec un syndicat de banques, expirera en 2028, tandis que la tranche supplémentaire expirera en 2026. RBC Capital Markets a agi en tant qu'Arrangeur. L'initiative vise à améliorer la flexibilité financière et à maintenir un bilan résilient à travers les cycles de prix du méthanol.
Methanex (NASDAQ:MEOH) hat seine revolvierende Kreditfazilität von 300 Millionen US-Dollar erneuert und eine neue Tranche von 200 Millionen US-Dollar hinzugefügt. Die Einrichtung, die mit einem Bankensyndikat arrangiert wurde, läuft 2028 aus, wobei die zusätzliche Tranche 2026 ausläuft. RBC Capital Markets fungierte als Arrangeur. Der Schritt zielt darauf ab, die finanzielle Flexibilität zu verbessern und über den Methanolpreiszyklus hinweg eine belastbare Bilanz zu erhalten.
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VANCOUVER, British Columbia, April 24, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that it has renewed its US$300 million revolving credit facility, which replaces the Company’s existing revolving facility, and added an additional US$200 million tranche. The facility has been arranged with a syndicate of banks and will expire April 24, 2028 with the US$200 million tranche expiring April 24, 2026. RBC Capital Markets was the Arranger for the facility.
Rich Sumner, President and CEO, commented "Our credit facility renewal underscores our dedication to a prudent and robust financial strategy. This additional financial capacity provides us with increased flexibility to manage our business and is an example of our commitment to maintain ample liquidity and financial flexibility across the methanol price cycle, ensuring a resilient balance sheet."
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 Toronto Stock Exchange in Canada under the trading symbol “MX” and on the NASDAQ Global Market in the United States under the trading symbol “MEOH”. Methanex can be visited online at www.methanex.com.
Inquiries: Sarah Herriott Director, Investor Relations Methanex Corporation 604-661-2600 or Toll Free: 1-800-661-8851 www.methanex.com
FAQ
What is the news about Methanex (MEOH) renewing and adding to its revolving credit facility?
Methanex has renewed its US$300 million revolving credit facility and added a new US$200 million tranche, arranged with a syndicate of banks, expiring in 2028 and 2026 respectively.
Who was the Arranger for Methanex 's credit facility renewal?
RBC Capital Markets served as the Arranger for Methanex 's credit facility renewal.
Where can Methanex shares be traded?
Methanex shares can be traded on the Toronto Stock Exchange under the symbol 'MX' and on the NASDAQ Global Market under the symbol 'MEOH'.
What is Methanex 's business focus?
Methanex is the world's largest supplier of methanol to major international markets.
