Westlake Chemical Concludes Revolving Credit Agreement
Westlake Chemical Corporation (NYSE: WLK) announced today the amendment and extension of its $1 billion unsecured revolving
credit agreement. The amended and extended revolving credit facility has extended the maturity date to July 2023 and replaces the
previous $1 billion unsecured revolving facility which was scheduled to mature in August 2021. The revolving credit facility
provides available liquidity for working capital and general corporate purposes for the company.
“We are pleased to have completed this agreement as it extends a source of additional liquidity to our company, providing
increased financial flexibility and availability to fund our continued growth,” said Albert Chao, Westlake’s President and Chief
Executive Officer. “We appreciate the continued confidence and support from our banks.”
About Westlake Chemical Corporation
Westlake Chemical Corporation is an international manufacturer and supplier of petrochemicals, polymers and building products
with headquarters in Houston. The company's range of products includes: ethylene, polyethylene, styrene, propylene, chlor-alkali
and derivative products, PVC suspension and specialty resins, PVC compounds, and PVC building products including siding, pipe,
fittings and specialty components, windows, fence, deck and film. For more information, visit the company's Web site at www.westlake.com.
Forward-Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking
statements that involve certain risks and uncertainties. These risks and uncertainties relate to the risks and uncertainties
inherent in the petrochemicals, polymers and building products industries discussed in our filings with the Securities and Exchange
Commission. Forward-looking statements, like all statements in this press release, speak only as of the date of this press release
(unless another date is indicated). We do not undertake any obligation to publicly update any forward-looking statements, whether
as a result of new information, future events, or otherwise.
Westlake Chemical Corporation
Investor Inquiries:
Mr. Steve Bender, 713-960-9111
investorrelations@westlake.com
or
Media Inquiries:
Mr. Ben Ederington, 713-960-9111
mediarelations@westlake.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20180724005693/en/