Methanex Extends and Increases Credit Facility

Methanex Extends and Increases Credit Facility 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/17/12 -- Methanex
Corporation (TSX:MX)(NASDAQ:MEOH)(SANTIAGO:Methanex) announced today
that it has finalized a new US$400 million revolving credit facility
with a syndicate of banks. The new facility expires in December 2016
and replaces the Company's existing revolving facility, which would
have expired in mid-2015. RBC Capital Markets Inc. was the Arranger
for the facility. 
Ian Cameron, SVP Corporate Development and CFO of Methanex,
commented, "Consistent with our prudent approach to financial
management, we are committed to maintaining a strong financial
position". Mr. Cameron added, "With cash balances of approximately
$400 million at the end of the third quarter, cash proceeds from the
recent $350 million bond issuance, this new undrawn US$400 million
credit facility, and no near-term refinancing requirements, we
believe we are well positioned to invest to grow the Company while
continuing to meet our financial commitments." 
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". 
Forward-Looking Statements 
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 company's investment and
growth expectations and its ability to meet future financial
commitments. 
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.
Contacts:
Jason Chesko
Director, Investor Relations
Methanex Corporation
604-661-2600 or Toll-Free: 1-800-661-8851
www.methanex.com
 
 
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