Filed pursuant to General Instruction II.L of Form F-10;
File No. 333-233405
The information in this preliminary
prospectus supplement is not complete and may be changed. This preliminary prospectus supplement, together with the accompanying prospectus, is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any
jurisdiction where the offer or sale is not permitted.
SUBJECT TO COMPLETION, DATED SEPTEMBER 9, 2019
PRELIMINARY PROSPECTUS SUPPLEMENT
(to Short Form Base Shelf Prospectus dated August 22, 2019)
US$
METHANEX CORPORATION
% Senior Notes due
The US$ aggregate principal amount of % Senior Notes
due (the Notes) offered by this prospectus supplement will bear interest at the rate of % per
annum from , 2019 and will mature
on ,
. We will pay interest on the Notes
on and
of each year, beginning on , . The Notes will be unsecured
obligations and will rank equally with all of our other unsecured and unsubordinated obligations. We may redeem the Notes, in whole or in part, at any time at the redemption prices described in this prospectus supplement, including accrued and
unpaid interest.
This prospectus supplement does not qualify the distribution of any Notes which may be offered or sold in
any province or territory of Canada, including the Province of British Columbia, and any such sales will only be made pursuant to private placement exemptions from the prospectus requirements of the securities laws of such provinces and territories.
We will not apply to list the Notes on any securities exchange or to include the Notes in any automated quotation system.
Accordingly, there is no market through which the Notes may be sold and purchasers may not be able to resell Notes purchased under this prospectus supplement. This may affect the pricing of the Notes in the secondary market, the transparency and
availability of trading prices, the liquidity of the Notes and the extent of issuer regulation. See Risk Factors.
Investing in the Notes involves risks. See Risk Factors beginning on page S-17 of this prospectus supplement and on page 7 of the accompanying Short Form Base Shelf Prospectus dated August 22, 2019 (referred to as the accompanying prospectus in this prospectus
supplement).
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Per
Note
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Total
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Public offering price(1)
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%
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US$
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Underwriting discount
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%
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US$
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Proceeds, before expenses, to Methanex
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%
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US$
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(1)
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Plus accrued interest, if any,
from , 2019.
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None of the U.S. Securities and Exchange Commission (the SEC), the British Columbia Securities Commission (the
BCSC) nor any state, provincial or territorial securities commission has approved or disapproved of these securities or determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any representation
to the contrary is a criminal offense.
We are permitted, under a multijurisdictional disclosure system adopted by
the United States and Canada, to prepare this prospectus supplement and the accompanying prospectus in accordance with Canadian disclosure requirements, which are different from U.S. disclosure requirements. Our financial statements, which are
incorporated by reference herein, have been prepared, for all periods presented, in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (IFRS). As a result, they may not
be comparable to financial statements of U.S. companies.
Owning the Notes may subject you to tax consequences both
in the United States and Canada. This prospectus supplement may not describe these tax consequences fully. You should read the tax discussion under Material Income Tax Considerations and are urged to consult with your own tax advisor
with respect to your own particular circumstances.
Your ability to enforce civil liabilities under U.S. federal
securities laws may be affected adversely by the fact that we are incorporated in Canada, most of our officers and directors and the experts named in this prospectus supplement and the accompanying prospectus are not residents of the United States,
and many of our assets and all or a substantial portion of the assets of such persons are located outside of the United States.
Affiliates of certain of the underwriters are lenders to us under our credit facilities and to certain of our subsidiaries under
certain debt obligations. Consequently, we may be considered to be a connected issuer of such underwriters under applicable Canadian securities legislation. See Underwriting (Conflicts of Interest).
We expect that delivery of the Notes will be made to investors in book-entry form through the facilities of The Depository Trust
Company and its direct and indirect participants, including Euroclear Bank SA/NV, an operator of the Euroclear system, and Clearstream Banking, S.A., on or
about , 2019.
Joint Book-Running Managers
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HSBC
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J.P. Morgan
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RBC Capital Markets
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, 2019