Methanex announces offering of senior unsecured notes

Methanex (MEOH) has launched an offering of $500 million aggregate principal amount of senior unsecured notes due 2032 in a private offering exempt from the registration requirements of the United States Securities Act of 1933, as amended. The notes will be guaranteed on a senior basis by Methanex. Methanex intends to use the net proceeds from the Offering to fund a portion of the cash purchase price of its previously announced agreement to acquire OCI Global’s international methanol business. The notes will be subject to a special mandatory redemption if either the OCI Acquisition is not completed within the time period required by the related acquisition agreement, as it may be extended or Methanex publicly announces that it will not proceed with the OCI Acquisition for any reason, as further described in the terms of the notes.