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Westlake Announces Pricing of $1.2 Billion Offering of Senior Notes

WLK
  • Westlake Corporation priced a public offering of $600 million in senior unsecured notes due 2035 bearing 5.550% interest & $600 million in senior unsecured notes due 2055 bearing 6.375% interest.
  • The sale of the Notes is scheduled to close on November 6, 2025, subject to customary closing conditions.
  • Net proceeds will primarily fund a concurrent cash tender offer for all outstanding 3.600% Senior Notes due 2026.
  • Any remaining proceeds are intended for the pending acquisition of the ACI/Perplastic Group's global compounding solutions businesses & for general corporate purposes.
  • The Note offering is not contingent upon the successful completion of the Tender Offer or the ACI Acquisition.
  • BofA Securities, Deutsche Bank Securities, J.P. Morgan Securities, & Wells Fargo Securities are acting as joint book-running managers.
  • The offering is conducted pursuant to an effective shelf registration statement filed with the SEC.