Home / Knowledge / News / Textiles / Petrochemicals producer Westlake files $750 mn Shelf with SEC
Petrochemicals producer Westlake files $750 mn Shelf with SEC
12
Apr '08
Westlake Chemical Corporation announced that it has filed a universal shelf registration statement with the Securities and Exchange Commission for the registration and possible issuance of up to $750 million of securities which may include common stock, preferred stock, senior debt and subordinated debt (which may be convertible), and warrants to purchase Westlake securities.

The registration statement also covers 4.5 million shares of Westlake's common stock owned by TTWF LP, the company's largest stockholder. This registration statement replaces the company's prior $750 million registration statement, which had been reduced in size as a result of a debt offering by the company and an equity offering by TTWF in 2006.

The 4.5 million shares now being registered by TTWF are the balance remaining from TTWF's 10 million shares originally registered under the prior filing after deducting TTWF's 5.5 million shares sold in 2006.

Upon being declared effective by the SEC, the shelf registration statement will allow the company to sell, from time to time, the various securities in one or more offerings, and will allow TTWF to sell shares in the company. Neither the company nor TTWF has an immediate need or plan to sell any securities under this shelf registration statement.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not besold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search