Methanex Renews Revolving Credit Facility, Expands With Additional Tranche

Methanex Corporation (TSX:MX) (NASDAQ:MEOH) has announced the renewal and expansion of its revolving credit facility, totaling US$500 million. This facility, arranged with a syndicate of banks, replaces the existing one and includes an additional US$200 million tranche. It is set to expire on April 24, 2028, with the added tranche expiring on April 24, 2026. RBC Capital Markets acted as the Arranger for this facility.

Rich Sumner, President and CEO, commented "Our credit facility renewal underscores our dedication to a prudent and robust financial strategy. This additional financial capacity provides us with increased flexibility to manage our business and is an example of our commitment to maintain ample liquidity and financial flexibility across the methanol price cycle, ensuring a resilient balance sheet."

Headquartered in Vancouver, Methanex Corporation is the leading global supplier of methanol to key international markets.