Westlake Chemical to price senior notes to help fund Axiall purchase

By Cristal Cody

Eureka Springs, Ark., Aug. 3 – Westlake Chemical Corp. announced on Wednesday that it plans to price a Rule 144A and Regulation S-eligible offering of senior notes.

The notes are expected to be guaranteed on a senior basis by certain of Westlake’s subsidiaries.

Westlake intends to use the proceeds, together with proceeds from other financing transactions and cash on hand, to finance the previously announced proposed acquisition of Axiall Corp., to repay certain debt of Axiall and pay related fees and expenses.

Houston-based Westlake Chemical is an international manufacturer and supplier of petrochemicals, polymers and building products.

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