FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


RBC Capital Markets Arranges $400MM Credit Facility for Methanex

December 12, 2014, 07:49 AM
Filed Under: Chemicals

Methanex Corporation has renewed its $400 million revolving credit facility with a syndicate of banks. The renewed facility expires in December 2019 and replaces the company's existing revolving facility, which would have expired in December 2016. RBC Capital Markets was the arranger for the facility.

Ian Cameron, SVP Finance and CFO of Methanex, commented, "Consistent with our prudent approach to financial management, we are committed to maintaining strong liquidity". Cameron added, "With cash balances of $475 million at the end of the third quarter, cash proceeds from the recent $600 million bond issuances and this undrawn $400 million credit facility, we believe we are well positioned to meet our financial commitments and invest to grow the company."

Methanex is a Vancouver-based, publicly traded company and is the world's largest supplier of methanol to major international markets.

Note: This credit facility is denominated in U.S. dollars.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.