Methanex Corporation (MX.TO) (MEOH) announced today that it has priced an offering of senior unsecured notes.  Methanex will issue US$700 million in aggregate principal amount of 5.250% senior notes due December 15, 2029. The notes will be issued at a price of 99.969% of the aggregate principal amount, with an effective yield to maturity of 5.255%. Methanex expects to use the net proceeds from the offering primarily for any one or more of debt repayments (including repayment of our existing 3.25% unsecured notes due on December 15, 2019, of which US$350 million in aggregate principal amount is outstanding), capital expenditures related to plant construction and maintenance (including pre-funding approximately US$250 million of the 2020 expenditures for the construction of our Geismar 3 plant), working capital or other general corporate purposes.

source https://finance.yahoo.com/news/methanex-announces-sale-us-700-213424681.html?.tsrc=rss