Methanex Corporation announced that Natgasoline LLC, a joint venture in which Methanex holds a 50% equity interest, has priced a $290,950,000 tax-exempt bond issuance through Mission Economic Development Corporation. The 2026 Bonds carry a 4.75% coupon, a mandatory tender date of August 1, 2036, and a final maturity date of August 1, 2046. Proceeds will be loaned to Natgasoline LLC to repay the existing $290,950,000 municipal bonds issued in 2018 that mature in 2031. Closing is expected on or about August 28, 2026, subject to customary conditions. Methanex CFO Dean Richardson said the refinancing defers mandatory amortization payments and provides greater flexibility for operating cash flows, including potential repayment of higher-cost borrowings.
Methanex CorporationJV's bond refinancing improves financial flexibility and may reduce higher-cost debt.
MagnaChip SemiconductorRefinancing defers amortization and provides cash flow flexibility.
