July 10, 2012 / 6:56 PM / 5 years ago

New Issue-Westlake Chemical Corp sells $250 mln notes

1 Min Read

July 10 (Reuters) - Westlake Chemical Corp on
Tuesday sold $250 million of senior unsecured notes, said market
sources. 
    Morgan Stanley, Bank of America Merrill Lynch, and Deutsche
Bank were the joint bookrunning managers for the sale.

BORROWER: WESTLAKE CHEMICAL CORP 
 
AMT $250 MLN     COUPON 3.6 PCT     MATURITY    07/15/2022
TYPE SR NTS      ISS PRICE 99.527   FIRST PAY   01/15/2013
MOODY'S Baa3     YIELD 3.657 PCT    SETTLEMENT  07/17/2012
S&P BBB-MINUS    SPREAD 215 BPS     PAY FREQ    SEMI-ANNUAL
FITCH BBB-MINUS   MORE THAN TREAS   MAKE-WHOLE CALL 35 BPS

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