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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due 2026, with a total outstanding amount of $750,000,000 [4] - $253,730,000 of the Notes were validly tendered and not withdrawn, while an additional $10,733,000 were subject to Guaranteed Delivery Procedures [2][4] - The settlement date for the accepted Notes is expected to be on or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
Core Points - Westlake Corporation has announced a cash tender offer to purchase all outstanding 3.600% Senior Notes due 2026 [1][2] - The tender offer is not conditioned on a minimum amount of Notes being tendered and may be amended, extended, or terminated at Westlake's discretion [2][3] - The expiration date for the tender offer is set for 5:00 p.m. New York City time on November 10, 2025, unless extended [3] - Holders must validly tender their Notes or submit a Notice of Guaranteed Delivery before the expiration date to receive the consideration [4] - Accrued and unpaid interest will be paid on all validly tendered Notes, with the settlement date expected around November 12, 2025 [4] - For those using Guaranteed Delivery Procedures, the deadline to validly tender Notes will be the second business day after the expiration date, expected to be November 13, 2025 [5] - J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are acting as dealer managers for the tender offer [5] Company Overview - Westlake Corporation is a global manufacturer and supplier of materials and innovative products, headquartered in Houston, with operations in Asia, Europe, and North America [8]
Westlake Announces Cash Tender Offer
Businesswire· 2025-11-04 14:13
Core Points - Westlake Corporation has announced a cash tender offer to purchase all outstanding 3.600% Senior Notes due 2026 [1] - The tender offer is being made according to the terms and conditions outlined in an Offer to Purchase dated November 4, 2025 [1] - Holders of the Notes are encouraged to read the Offer to Purchase carefully before proceeding [1]