Westlake Chemical plans to sell fixed-rate senior notes

By Devika Patel

Knoxville, Tenn., June 9 – Westlake Chemical Corp. intends to sell fixed-rate senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

The notes have a make-whole call and then a par call.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Wells Fargo Securities LLC, BofA Securities Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC and PNC Capital Markets LLC are the bookrunners.

Proceeds will be used to purchase and retire all $100 million of the company's series 2009A revenue bonds due Aug. 1, 2029, purchase and retire all $89 million of its series 2010A-1 revenue bonds due Nov. 1, 2035 and purchase and retire all $65 million of its series 2010A-2 revenue bonds due Nov. 1, 2035.

Westlake is a manufacturer and supplier of petrochemicals, polymers and building products and is based in Houston.

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