Methanex Announces Sale of US$350 Million of 7 Year Notes
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/12/12 -- Methanex
Corporation (TSX:MX)(NASDAQ:MEOH)(SANTIAGO:Methanex) announced today
that it has priced an offering of senior unsecured notes. Methanex
will issue US$350 million in aggregate principal amount of 3.25%
senior notes due December 15, 2019. The notes were issued at a price
of 99.098% of the aggregate principal amount, with an effective yield
to maturity of 3.396%. The offering is expected to close on or about
December 17, 2012, subject to customary closing conditions.
Methanex expects to use the net proceeds from the offering primarily
for capital expenditures, and for any one or more of debt repayments,
working capital or other general corporate purposes.
J.P. Morgan Securities LLC, RBC Capital Markets, LLC, BNP Paribas
Securities Corp. and RBS Securities Inc. acted as joint book-running
managers of the offering, with HSBC Securities (USA) Inc. and
National Australia Bank Limited acting as co-managers. The notes are
being offered via an underwritten public offering pursuant to an
effective shelf registration statement in the United States, and in
Canada on a private placement basis.
A copy of the final prospectus supplement (and accompanying base
shelf prospectus) may be obtained from J.P. Morgan Securities LLC by
writing JP Morgan Securities LLC, 383 Madison Avenue, New York, New
York 10179, Attention: Investment Grade Syndicate Desk - 3rd floor,
or by calling 1-212-834-4533 or from RBC Capital Markets, LLC by
writing RBC Capital Markets, LLC, Three World Financial Center, 200
Vesey Street, New York, New York 10281, Attention: Debt Capital
Markets, by calling 1-866-375-6829 or by emailing
email@example.com. You may also obtain these documents
for free by visiting EDGAR on the U.S. Securities and Exchange
Commission website at www.sec.gov or SEDAR on the Canadian Securities
Administrators website at www.sedar.com.
This press release is for informational purposes only and does not
constitute an offer to sell, or the solicitation of an offer to buy,
any of the securities, nor shall there be any sale of these
securities in any province or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to qualification under
the securities laws of any such province or jurisdiction.
Methanex is a Vancouver-based, publicly traded company and is the
world's largest supplier of methanol to major international markets.
Methanex shares are listed for trading on the Toronto Stock Exchange
in Canada under the trading symbol "MX"; on the NASDAQ Global Market
in the United States under the trading symbol "MEOH"; and on the
Foreign Securities Market of the Santiago Stock Exchange in Chile
under the trading symbol "Methanex".
This press release contains certain forward-looking statements within
the meaning of the United States Private Securities Litigation Reform
Act of 1995 and forward-looking information under applicable British
Columbia securities law. The forward-looking statements in this news
release include statements concerning the expected net proceeds from
the offering of the notes, the intended use of proceeds and the
closing of the proposed offering, including the timing thereof.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors, which may cause the actual results,
performance or achievements of Methanex to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements. Factors that may cause
actual results to vary include, but are not limited to, risks
relating to conditions in financial markets and other risk factors as
detailed from time to time in Methanex's reports filed with Canadian
securities administrators and the U.S. Securities and Exchange
Commission. Certain of these risks are described in more detail in
the annual information form of Methanex and in its public filings
with Canadian securities administrators and the U.S. Securities and
Exchange Commission. Such forward-looking statements only speak as of
the date of this press release and Methanex does not assume the
obligation to revise or update these forward-looking statements after
the date of this document or to revise them to reflect the occurrence
of future unanticipated events, except as may be required under
applicable securities laws.
Director, Investor Relations
604-661-2600 or Toll-Free: 1-800-661-8851
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