Monday, December 15, 2014

Methanex Corporation - MX.t

Methanex Corporation - MX.t is the world's largest supplier of methanol to major international markets in North America, Asia Pacific, Europe and Latin America.

Methanol can be found in everything from windshield washer fluid to recyclable plastic bottles, plywood floors to paint, silicone sealants to synthetic fibres. Methanex has manufacturing, marketing and supply chain capabilities in North America, Latin America, Europe, the Caribbean, the Middle East and throughout the Asia Pacific region.

On December 11, 2014 the company released News

"Methanex Corporation (TSX:MX)(NASDAQ:MEOH) announced today that it has renewed its $400 million revolving credit facility with a syndicate of banks. The renewed facility expires in December 2019 and replaces the company's existing revolving facility, which would have expired in December 2016. RBC Capital Markets was the Arranger for the facility.

Ian Cameron, SVP Finance and CFO of Methanex, commented, "Consistent with our prudent approach to financial management, we are committed to maintaining strong liquidity". Mr. Cameron added, "With cash balances of $475 million at the end of the third quarter, cash proceeds from the recent $600 million bond issuances and this undrawn $400 million credit facility, we believe we are well positioned to meet our financial commitments and invest to grow the company."