Methanex Corporation Announces Successful Syndication of Acquisition Financing

VANCOUVER, British Columbia, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) ("Company") announced today the successful syndication of acquisition financing to support the earlier announced agreement to acquire OCI Global's international methanol business ("OCI Acquisition") for $2.05 billion.

The new financing arrangements are with a syndicate of highly rated financial institutions and include:

Up to $650 million in Term Loan A commitments which can be drawn upon closing of the OCI Acquisition. The Term Loan A carries a variable interest rate and is split between three and four-year ...