Methanex Provides Update on Natgasoline Refinancing
VANCOUVER, British Columbia, Aug.
20, 2026 (GLOBE NEWSWIRE) -- Methanex Corporation (the “Company” or “Methanex”) (TSX: MX) (Nasdaq: MEOH) announced today that Natgasoline LLC, a joint venture with Consolidated Energy Limited in which Methanex holds a 50% equity interest, has priced the issuance of tax-exempt bonds by Mission Economic Development Corporation with a principal amount of $290,950,000 (the “2026 Bonds”), a mandatory tender date of August 1, 2036, and a final maturity date of August 1, 2046.
The proceeds of the issuance will be loaned to Natgasoline LLC and used to repay the existing $290,950,000 Natgasoline municipal bonds issued in 2018, which mature in 2031 (the ”2018 Bonds”).
The coupon rate on the 2026 Bonds was set at 4.75%.
Closing of the bond offering is expected to occur on or about August 28, 2026, subject to customary closing conditions.
The 2018 Bonds were subject to a semi-annual amortization through a sinking fund redemption initiated on October 1, 2025.
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