Methanex Announces Offering of Senior Unsecured Notes
September 17 2020 - 7:34AM
Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that it
has launched an offering of senior unsecured notes. Methanex
intends to use the net proceeds from the offering to repay or
redeem our existing 5.25% unsecured notes due on March 1, 2022, of
which US$250 million in aggregate principal amount is outstanding,
and for maintenance capital expenditures, working capital or other
general corporate purposes.
J.P. Morgan Securities LLC, BMO Capital Markets
Corp., BNP Paribas Securities Corp. and RBC Capital Markets, LLC
are acting as the joint book-running managers of the offering. The
notes will be offered via an underwritten public offering pursuant
to an effective shelf registration statement in the United
States.
A copy of the preliminary prospectus supplement (and
accompanying base shelf prospectus, as amended) may be obtained by
calling J.P. Morgan Securities LLC collect at (866)-803-9204 or
writing to J.P. Morgan Securities LLC, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717. You may
also obtain these documents for free by visiting EDGAR on the U.S.
Securities and Exchange Commission website at www.sec.gov or SEDAR
on the Canadian Securities Administrators website at
www.sedar.com.
This news release is for informational purposes only and does
not constitute an offer to sell, or the solicitation of an offer to
buy, any of the securities, nor shall there be any sale of these
securities in any province or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to qualification under
the securities laws of any such province or jurisdiction.
Methanex is a Vancouver-based, publicly traded company and is
the world's largest producer and supplier of methanol to major
international markets. Methanex shares are listed for trading on
the Toronto Stock Exchange in Canada under the trading symbol "MX"
and on the NASDAQ Global Market in the United States under the
trading symbol "MEOH”.
Forward-Looking Statements
This news release contains certain forward-looking statements,
or forward-looking information, with respect to us and our
industry. These statements relate to future events or our future
performance. All statements other than statements of historical
fact are forward-looking statements. Statements that include the
word “intend”, “will” or other comparable terminology and similar
statements of a future or forward-looking nature identify
forward-looking statements. More particularly and without
limitation, any statement regarding Methanex’s intended use of
proceeds is a forward-looking statement.
Forward-looking statements, by their nature, involve risks and
uncertainties that could cause actual results to differ materially
from those contemplated by the forward-looking statements. Factors
that may cause actual results to vary include, but are not limited
to, risks relating to conditions in the financial markets and other
risk factors as detailed from time to time in Methanex’s reports
filed with Canadian securities administrators and the U.S.
Securities and Exchange Commission. Certain of these risks are
described in more detail in our 2019 Annual Management’s Discussion
and Analysis and Second Quarter 2020 Management’s Discussion and
Analysis and in our public files with Canadian securities
administrators and the U.S. Securities and Exchange Commission.
Readers are cautioned not to place undue reliance on
forward-looking statements. They are not a substitute for the
exercise of one’s own due diligence and judgment. The outcomes
implied by forward-looking statements may not occur and we do not
undertake to update forward-looking statements except as required
by applicable securities laws.
For further information, contact:
Kim CampbellDirector, Investor RelationsMethanex Corporation604
661 2600 or Toll Free: 1 800 661 8851www.methanex.com
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