Westlake Chemical grosses $682.3 million from debt offering | S&P Global Market Intelligence

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Westlake Chemical grosses $682.3 million from debt offering

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4 Aug, 2016

Westlake Chemical grosses $682.3 million from debt offering

Author S&P Global Market Intelligence

Westlake Chemical Corp. raised gross proceeds of $682.3 million from an offering of 5.00% senior unsecured notes due Aug. 15, 2046.

The company plans to use the proceeds for redemption or repayment of debt securities and acquisitions or investments.

Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC and JPMorgan Chase & Co. were the lead underwriters.

Author
S&P Global Market Intelligence