By Sheri Kasprzak
New York, July 6 - The Louisiana Local Government Facilities and Community Development Authority sold $100 million in series 2010 tax-exempt revenue bonds for the Westlake Chemical Corp., according to a statement from the company.
The 6.5% bonds are due Aug. 1, 2029.
Proceeds will be used to fund a loan to Westlake to expand, refurbish and maintain its facilities in the Louisiana parishes of Calcasieu and Ascension.
Based in Houston, Westlake manufactures petrochemicals, polymers and fabricated products, including ethylene, polyethylene, styrene, propylene, caustic, VCM, PVC and PVC pipe.
| Issuer: | Louisiana Local Government Facilities and Community Development Authority/Westlake Chemical Corp.
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| Issue: | Series 2010 tax-exempt revenue bonds
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| Amount: | $100 million
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| Maturity: | Aug. 1, 2029
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| Coupon: | 6.5%
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| Pricing date: | July 6
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