Westlake Chemical to price $250 million 10-year notes Tuesday

By Paul A. Harris

St. Louis, Jan. 9 - Westlake Chemical Corp. will host an investor conference call at 10 a.m. ET Tuesday for its $250 million offering of 10-year senior notes (existing ratings Ba2/BB-), according to an informed source.

Pricing is expected to follow shortly after the conclusion of the call.

Deutsche Bank Securities, Banc of America Securities LLC and JP Morgan are joint bookrunners for the off-the-shelf notes.

The notes will come with five years of call protection.

Proceeds will be used to retire $247 million of the company's 8¾% senior notes due 2011.

Houston-based Westlake Chemical is a privately owned manufacturer and supplier of petrochemicals, polymers and fabricated products.

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