Methanex (TSE:MX) has released an update.
Methanex Corporation has announced the renewal of its $300 million revolving credit facility and the addition of a new $200 million tranche, aiming to enhance financial flexibility and maintain a resilient balance sheet. The facility, supported by a syndicate of banks, will mature in 2028, with the new tranche expiring in 2026. The move signifies Methanex’s commitment to managing its business effectively throughout the methanol price cycle.
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