debt
confidence high
sentiment neutral
materiality 0.45
Westlake completes cash tender offer for 3.600% Senior Notes due 2026; $264.5M tendered
WESTLAKE CORP
- Tendered $253.73M principal of 3.600% Senior Notes due 2026, plus $10.73M via guaranteed delivery; Consideration $996.32 per $1,000.
- Total outstanding $750M; tendered amount represents ~35.3% of notes.
- Settlement expected Nov 12, 2025 for regular tenders, Nov 14 for guaranteed delivery.
- J.P. Morgan and Wells Fargo acted as dealer managers.
- Accrued interest paid to but not including settlement date; interest ceases on settlement.