Westlake Chemical Concludes Revolving Credit Agreement
HOUSTON, July 17, 2014 /PRNewswire/ -- Westlake Chemical Corporation (NYSE: WLK) announced today the completion of a third amendment and restatement of its $400 million revolving credit agreement, thereby extending the maturity to 2019, reducing interest costs, and increasing financial flexibility.
"We are pleased to have completed this agreement as it increases our company's financial flexibility and provides the liquidity to fund our continued growth," said Albert Chao, Westlake's President and Chief Executive Officer.
Westlake Chemical Corporation (WLK)
Westlake Chemical Corporation is an international manufacturer and supplier of petrochemicals, polymers and building products with headquarters in Houston, Texas. The company's range of products includes: ethylene, polyethylene, styrene, propylene, caustic, VCM, PVC resin and PVC building products including pipe and specialty components, windows and fence. For more information, visit the company's Web site at www.westlake.com.
The statements in this release relating to the amended and restated credit agreement, as well as any other matters that are not historical facts, include forward-looking statements that are subject to risks and uncertainties. Actual results could differ materially. For more detailed information about factors that could cause actual results to differ materially, please refer to Westlake's Annual Report on Form 10-K for the year ended December 31, 2013, which was filed in February 2014.
SOURCE Westlake Chemical Corporation