in this issue
Markets :: Basic Chemicals :: Inorganic Chemicals :: Chlor-alkali
Westlake Issues $100 Million in Bonds
8:33 AM MDT | July 6, 2010 | Lindsey Bewley
Westlake Chemical says it has raised $100 million in new revenue bonds due August 1, 2029 with an interest rate of 6.5%/year. The bonds were issued by the Louisiana Local Government Environmental Facilities and Community Development Authority (LCDA; Baton Rouge, LA). The bonds will help fund capital expansions, including a $300 million chlor-alkali expansion at its Geismar, LA vinyls complex; easing a capacity bottleneck; and maintaining its Lake Charles, LA plant. “We are pleased to have completed this transaction which increases our financial flexibility...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee