Westlake Chemical Partners LP Increases Capacity of Revolving Credit Facility
December 05 2017 - 4:30PM
Business Wire
Westlake Chemical Partners LP (NYSE: WLKP) announced today that
it has increased the capacity of its existing revolving credit
agreement with Westlake Chemical Finance Corporation from $300
million to $600 million. The facility maturity date is April 29,
2021. The Partnership intends to use the increased availability in
the future to acquire additional interests in Westlake Chemical
OpCo LP, for other acquisitions and general corporate purposes.
About Westlake Chemical Partners LP
Westlake Chemical Partners is a limited partnership formed by
Westlake Chemical Corporation to operate, acquire and develop
ethylene production facilities and other qualified assets.
Headquartered in Houston, the Partnership owns a 18.3% interest in
Westlake Chemical OpCo LP. Westlake Chemical OpCo LP’s assets
include three facilities in Calvert City, Kentucky, and Lake
Charles, Louisiana which process ethane and propane into ethylene,
and an ethylene pipeline. For more information about Westlake
Chemical Partners LP, please visit http://www.wlkpartners.com/.
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Westlake Chemical Partners LPMedia RelationsBen Ederington,
713-585-2900orInvestor RelationsSteve Bender, 713-585-2900
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