Methanex Secures Amended Credit Agreement to Boost Financial Flexibility

Methanex ( (TSE:MX) ) has issued an update.

Methanex Corporation has entered into a Second 2024 Amended and Restated Credit Agreement with several financial institutions, including the Royal Bank of Canada as the agent bank. This agreement, dated for reference on October 29, 2024, involves Methanex US Operations Inc. as a borrower and includes a syndicate of banks such as Bank of America, JPMorgan Chase, and HSBC. The arrangement is expected to enhance Methanex’s financial flexibility and support its operations, potentially impacting its market positioning and stakeholder interests.

More about Methanex

Methanex Corporation operates in the chemical industry, primarily focusing on the production and supply of methanol, a key component used in various industrial and consumer products. The company is headquartered in Vancouver, Canada, and has a significant presence in the global methanol market.

YTD Price Performance: -19.09%

Average Trading Volume: 399,125

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $2.71B

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