debt
confidence high
sentiment neutral
materiality 0.65
Westlake prices $1.2B senior notes offering to fund tender offer and ACI acquisition
WESTLAKE CORP
- $600M 5.550% notes due 2035 and $600M 6.375% notes due 2055 priced, expected to close Nov 6, 2025.
- Net proceeds ~$1.185B; part used to repurchase $750M of 3.600% senior notes due 2026 via cash tender offer.
- Remaining proceeds to fund ACI/Perplastic compounding solutions acquisition and general corporate purposes.
- Offering is not contingent on tender offer success or ACI acquisition closing.
- Underwriters: BofA, Deutsche Bank, J.P. Morgan, Wells Fargo.