debt
confidence high
sentiment neutral
materiality 0.20
Westlake Chemical Partners extends revolver maturities to July 2027, switches to SOFR
Westlake Chemical Partners LP
- OpCo Revolver maturity extended to July 12, 2027; interest now SOFR + 1.75% margin + 0.10% spread.
- MLP Revolver maturity also extended to July 12, 2027; margin varies 1.75%-2.75% based on leverage.
- Both amendments replace LIBOR with SOFR plus a 0.10% credit spread adjustment.