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Westlake Corporation Announces Results of Cash Tender Offer for Its 3.600% Senior Notes Due 2026
Businesswire· 2025-11-11 00:22
Core Points - Westlake Corporation announced the expiration and results of its cash tender offer for its 3.600% Senior Notes due 2026, which expired on November 10, 2025 [1][2] - The company intends to accept for purchase $253,730,000 aggregate principal amount of the Notes under the tender offer [3] - Holders of Notes will receive $996.32 in cash for each $1,000 principal amount of the Notes on the Settlement Date, along with accrued and unpaid interest [5] Tender Offer Details - The tender offer was made for any and all outstanding 3.600% Senior Notes due 2026, with a total outstanding amount of $750,000,000 [4] - $253,730,000 of the Notes were validly tendered and not withdrawn, while an additional $10,733,000 were subject to Guaranteed Delivery Procedures [2][4] - The settlement date for the accepted Notes is expected to be on or about November 12, 2025 [1][5] Financial Implications - The cash consideration for the Notes is set at $996.32 per $1,000 principal amount, with interest ceasing to accrue on the Settlement Date [5] - The tender offer reflects Westlake's strategy to manage its debt and optimize its capital structure [1][3] Company Background - Westlake Corporation is a global manufacturer and supplier of materials and innovative products, with operations in Asia, Europe, and North America [9]
Westlake Corporation Announces Pricing of Cash Tender Offer for Its 3.600% Senior Notes Due 2026
Businesswire· 2025-11-10 21:20
HOUSTON--(BUSINESS WIRE)--Westlake Corporation (NYSE: WLK) ("Westlake†) today announced the pricing of its cash tender offer to purchase (the "Offer†) any and all of the outstanding 3.600% Senior Notes due 2026 (the "Notes†) on the terms set forth in the table below. The table below sets forth the applicable Reference Yield and Consideration for the Notes, as calculated at 2:00 p.m., New York City time, today, November 10, 2025, in accordance with the Offer to Purchase (as defined below). The tender o ...
Westlake Announces Cash Tender Offer
Businesswire· 2025-11-04 14:13
HOUSTON--(BUSINESS WIRE)--Westlake Corporation (NYSE: WLK) ("Westlake†) announced today the commencement of a cash tender offer to purchase (the "Offer†) any and all of the outstanding 3.600% Senior Notes due 2026 (the "Notes†) as set forth in the table below. The tender offer is being made solely pursuant to the terms and conditions set forth in an Offer to Purchase, dated November 4, 2025 (the "Offer to Purchase†). Holders of the Notes are urged to carefully read the Offer to Purchase before. ...