US Westlake completes amendment of $400m revolving credit agreement

19 September 2011 13:26  [Source: ICIS news]

LONDON (ICIS)--Westlake Chemical has completed a second amendment and restatement of its $400m (€292m) revolving credit agreement, the US-based company said on Monday.

The agreement has been extended to 2016, Westlake said.

“We are pleased to have completed this agreement as it increases our company’s financial flexibility and provides the liquidity to fund our growth,”  Westlake president and CEO Albert Chao said. 

“This is a strong statement of support from our banks, and we appreciate their ongoing confidence in us,” he added.

($1 = €0.73)

By: Leigh Stringer
+44 208 652 3214

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