Skip to content.

Methanex completes US$350 million 7-year note offering

Date Closed

December 17, 2012

Lead Office

Vancouver

Value

350.00 Million USD

On December 17, 2012, Methanex Corporation (“Methanex”) completed a public offering of US$350 million aggregate principal amount of 3.25% senior unsecured notes (the “Notes”) due December 15, 2019. The Notes were issued to the public at a price of 99.098% of the principal amount, with an effective yield to maturity of 3.396%. Methanex will use the net proceeds from the offering primarily for capital expenditures, and for any one or more of debt repayments, working capital or other general corporate purposes.

The Notes were offered via an underwritten public offering pursuant to an effective shelf registration statement in the United States.  J.P. Morgan Securities LLC, RBC Capital Markets, LLC, BNP Paribas Securities Corp. and RBS Securities Inc. acted as joint book-running managers of the offering, with HSBC Securities (USA) Inc. and National Australia Bank Limited acting as co-managers.

Methanex, headquartered in Vancouver, is the world's largest supplier of methanol to major international markets.

McCarthy Tétrault LLP represented Methanex, the issuer, with a team led by Robin Mahood.

People