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Westlake Chemical Corp (WLK.N)

WLK.N on New York Stock Exchange

57.61USD
5 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Westlake Chemical concludes revolving credit agreement
Wednesday, 24 Aug 2016 06:45am EDT 

Westlake Chemical Corp : Westlake Chemical concludes revolving credit agreement . Completion of a new $1 billion unsecured revolving credit agreement . Says completion of a new $1 billion unsecured revolving credit agreement .New revolving credit facility will have 5 year maturity date and replaces previous asset-based revolving facility which has been terminated.  Full Article

Westlake Chemical sets qrly dividend of $0.1906 per share
Friday, 19 Aug 2016 06:45am EDT 

Westlake Chemical Corp :Sets quarterly dividend of $0.1906 per share.  Full Article

Westlake Chemical provides update on pending acquisition of Axiall Corporation
Wednesday, 17 Aug 2016 06:52am EDT 

Axiall Corp : Westlake Chemical provides an update on the pending acquisition of Axiall Corporation . Axiall and Westlake have received all regulatory approvals required for transaction .Axiall Corp says assuming Axiall shareholders approve transaction at that meeting, closing is expected to occur on August 31, 2016.  Full Article

Westlake announces pricing of $750 mln senior notes due 2026
Wednesday, 3 Aug 2016 04:59pm EDT 

Westlake Chemical Corp : Westlake announces pricing of $750,000,000 of senior notes due 2026 and $700,000,000 of senior notes due 2046 .2026 notes will bear interest at a rate of 3.600 pct per annum..  Full Article

Westlake Chemical proposes offering senior notes
Wednesday, 3 Aug 2016 08:52am EDT 

Westlake Chemical Corp : Westlake announces proposed offering of senior notes .Intends to use proceeds to finance previously announced proposed acquisition of Axiall corporation.  Full Article

Westlake Chemical Corp Q2 earnings per share $0.85
Thursday, 28 Jul 2016 04:15pm EDT 

Westlake Chemical Corp : Westlake Chemical Corporation announces second quarter 2016 earnings . Q2 earnings per share $0.85 . Q2 sales $1.086 billion versus I/B/E/S view $1.06 billion .Q2 earnings per share view $0.96 -- Thomson Reuters I/B/E/S.  Full Article

Westlake Chemical restarts plant in Calvert City, Kentucky
Monday, 18 Jul 2016 08:30am EDT 

Westlake Chemical Corp : Westlake Chemical Corporation, its subsidiaries and affiliates, have declared force majeure at Calvert City complex due to this incident . Westlake Chemical restarts plant in Calvert City, Kentucky . Approximate $40 million impact of outage will affect both second and Q3 financial results, with nearly half of this amount impacting Q3 .Restart follows an unexpected shut down that occurred on June 1, 2016 as a result of a mechanical failure of ethylene unit.  Full Article

Axiall to pay Westlake termination fee of $77.7 mln if merger terminated
Monday, 13 Jun 2016 04:30pm EDT 

Axiall Corp : If merger terminated, company to pay Westlake a termination fee in amount of $77.7 million Source: (http://1.usa.gov/1XT2cJO ) Further company coverage: [AXLL.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Westlake Chemical to buy Axiall for $33.00 per share
Friday, 10 Jun 2016 09:16am EDT 

Axiall Corp : Transaction representing an enterprise value of approximately $3.8 billion . Expected annual cost synergies of approximately $100 million . Transaction expected to be accretive to Westlake in first year following close . Sees expected annual cost synergies from deal of approximately $100 million . Axiall Corp says Westlake has received commitments from its banks in connection with financing of transaction . Westlake has agreed to withdraw its nomination of a slate of director nominees at Axiall's upcoming annual meeting of stockholders . Axiall Corp says transaction has been unanimously approved by boards of directors of both companies .Westlake Chemical to acquire Axiall Corporation for $33.00 per share in all-cash transaction.  Full Article

Axiall exploring strategic alternatives, including possible sale of company
Thursday, 26 May 2016 09:32am EDT 

Axiall Corp : Opened strategic alternatives discussions with 3rd parties, including evaluation of possible sale of entire co - SEC filing . Review of potential strategic alternatives for building products business currently underway . $125 million cost reductions and productivity plan on track .Currently engaged in ongoing discussions with 3rd parties, have provided "extensive non-public information".  Full Article

BRIEF-Westlake Chemical Corp Q3 eps $0.51

* Westlake chemical - net income for q3 of 2016 was impacted by pre-tax transaction and integration-related costs of about $82.8 million, or $0.41 per share