Methanex Announces Sale of US$350 Million of 7 Year Notes
December 12 2012 - 5:31PM
Marketwired
Methanex Corporation (TSX:MX)(NASDAQ:MEOH)(SANTIAGO:Methanex)
announced today that it has priced an offering of senior unsecured
notes. Methanex will issue US$350 million in aggregate principal
amount of 3.25% senior notes due December 15, 2019. The notes were
issued at a price of 99.098% of the aggregate principal amount,
with an effective yield to maturity of 3.396%. The offering is
expected to close on or about December 17, 2012, subject to
customary closing conditions.
Methanex expects to 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.
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. The
notes are being offered via an underwritten public offering
pursuant to an effective shelf registration statement in the United
States, and in Canada on a private placement basis.
A copy of the final prospectus supplement (and accompanying base
shelf prospectus) may be obtained from J.P. Morgan Securities LLC
by writing JP Morgan Securities LLC, 383 Madison Avenue, New York,
New York 10179, Attention: Investment Grade Syndicate Desk - 3rd
floor, or by calling 1-212-834-4533 or from RBC Capital Markets,
LLC by writing RBC Capital Markets, LLC, Three World Financial
Center, 200 Vesey Street, New York, New York 10281, Attention: Debt
Capital Markets, by calling 1-866-375-6829 or by emailing
usdebtcapitalmarkets@rbccm.com. You may also obtain these documents
for free by visiting EDGAR on the U.S. Securities and Exchange
Commission website at www.sec.gov or SEDAR on the Canadian
Securities Administrators website at www.sedar.com.
This press release is for informational purposes only and does
not constitute an offer to sell, or the solicitation of an offer to
buy, any of the securities, nor shall there be any sale of these
securities in any province or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to qualification under
the securities laws of any such province or jurisdiction.
Methanex is a Vancouver-based, publicly traded company and is
the world's largest supplier of methanol to major international
markets. Methanex shares are listed for trading on the Toronto
Stock Exchange in Canada under the trading symbol "MX"; on the
NASDAQ Global Market in the United States under the trading symbol
"MEOH"; and on the Foreign Securities Market of the Santiago Stock
Exchange in Chile under the trading symbol "Methanex".
Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of the United States Private Securities
Litigation Reform Act of 1995 and forward-looking information under
applicable British Columbia securities law. The forward-looking
statements in this news release include statements concerning the
expected net proceeds from the offering of the notes, the intended
use of proceeds and the closing of the proposed offering, including
the timing thereof.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors, which may cause the actual
results, performance or achievements of Methanex to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements. Factors
that may cause actual results to vary include, but are not limited
to, risks relating to conditions in financial markets and other
risk factors as detailed from time to time in Methanex's reports
filed with Canadian securities administrators and the U.S.
Securities and Exchange Commission. Certain of these risks are
described in more detail in the annual information form of Methanex
and in its public filings with Canadian securities administrators
and the U.S. Securities and Exchange Commission. Such
forward-looking statements only speak as of the date of this press
release and Methanex does not assume the obligation to revise or
update these forward-looking statements after the date of this
document or to revise them to reflect the occurrence of future
unanticipated events, except as may be required under applicable
securities laws.
Contacts: Jason Chesko Director, Investor Relations Methanex
Corporation 604-661-2600 or Toll-Free: 1-800-661-8851
www.methanex.com
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