Axiall repays, terminates credit agreements on acquisition by Westlake

By Wendy Van Sickle

Columbus, Ohio, Aug. 31 – Axiall Corp. repaid and terminated its term loan credit agreement dated Feb. 27, 2015 with Barclays Bank plc as administrative agent and its second amended and restated credit agreement dated Dec. 17, 2014 with Wells Fargo Capital Finance, LLC as agent, according to an 8-K filing with the Securities and Exchange Commission.

The agreements were terminated Wednesday in connection with the company’s acquisition by Westlake Chemical Corp.

Axiall is an integrated chemicals and building products company based in Atlanta. Westlake Chemical is a manufacturer and supplier of petrochemicals, polymers and building products with headquarters in Houston.

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