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Westlake Chemical expands revolving credit facility
09 Sep '08
1 min read
Westlake Chemical Corporation announced that it has completed an amendment to increase the company's revolving credit facility from $300 million to $400 million and extended its maturity to 2013.
Albert Chao, Westlake Chemical's Chief Executive Officer and President, stated, "We are pleased to have secured increased commitments from our lenders for this $400 million facility. Completing this transaction increases our financial flexibility and provides the financial liquidity for our continued growth."
Westlake Chemical Corporation is a manufacturer and supplier of petrochemicals, polymers and fabricated products with headquarters in Houston, Texas. The company's range of products includes: ethylene, polyethylene, styrene, propylene, caustic, VCM, PVC and PVC pipe, windows and fence.
Albert Chao, Westlake Chemical's Chief Executive Officer and President, stated, "We are pleased to have secured increased commitments from our lenders for this $400 million facility. Completing this transaction increases our financial flexibility and provides the financial liquidity for our continued growth."
Westlake Chemical Corporation is a manufacturer and supplier of petrochemicals, polymers and fabricated products with headquarters in Houston, Texas. The company's range of products includes: ethylene, polyethylene, styrene, propylene, caustic, VCM, PVC and PVC pipe, windows and fence.
Westlake Chemical Corporation
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