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Westlake Chemical starts roadshow for $400 million eight-year notes
By Paul A. Harris
St. Louis, July 8 - Westlake Chemical Corp. began the roadshow Tuesday for $400 million of senior notes due 2011 (Ba3/B+), according to a syndicate source.
The deal is expected to price late in the week of July 14, the source added.
Credit Suisse First Boston, Banc of America Securities, Deutsche Bank Securities and JP Morgan are joint bookrunners on the Rule 144A for life offering. Citigroup, Scotia Capital, Credit Lyonnais and CIBC World Markets are co-managers.
Proceeds will be used to refinance existing debt.
The petrochemical company is based in Houston.
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