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Methanex Obtains New Line of Credit

9:22 AM MDT | August 28, 2009 | Vincent Valk

Methanex today announced that it has finalized a new $200 million line of credit with a consortium of banks, replacing the company's existing credit line. The new credit line, which was arranged by RBC Capital Markets (Toronto), will expire in May 2012, two years after the existing one was scheduled to expire. "In the current uncertain economic environment, we believe there is value maintaining a two to three year horizon on the facility and we are pleased to have also agreed to more flexible terms that improve the accessibility of the facility," says...

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