Methanex Announces Sale of US$150 Million of 10 Year Notes.
The net proceeds, together with cash on hand, will be used to repay the Company's existing US$250 million 7.75% notes due August 15, 2005 upon their maturity. After issue of the new notes and repayment of these existing notes, the Company's long-term debt will be reduced by US$100 million.
When available, a copy of the final prospectus can be obtained on www.sec.gov or from ABN AMRO at 55 E. 52nd Street, 6th Floor, New York, NY, 10055, Attention: Syndicate Desk or BNP Paribas, 787 Seventh Avenue, 8th Floor, New York, NY, 10019, Attention: Debt Syndicate.
Methanex is the world's largest producer and marketer of methanol. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX" and on the Nasdaq National Market in the United States under the trading symbol "MEOH".
Methanex Corporation (TSX:MX) (NASDAQ:MEOH)
|Printer friendly Cite/link Email Feedback|
|Date:||Jul 28, 2005|
|Previous Article:||Fitch Rates RALI Mtge $264.8MM A-B P-T Certs, Series 2005-QS10.|
|Next Article:||Fitch Affirms New Century's RPS3 Subprime Servicer Rating.|