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Stock impact report

Methanex Takes Additional Steps to Strengthen Balance Sheet and Liquidity

Methanex Corporation (MEOH) 
Last methanex corporation earnings: 1/29 05:01 pm Check Earnings Report
US:NASDAQ Investor Relations: methanex.com/investor-relations
Company Research Source: GlobeNewswire
Negotiated covenant flexibility for the Company’s existing credit facilitiesReduced quarterly cash dividend to $0.0375 per share Except where otherwise noted, all currency amounts are stated in United States dollars. VANCOUVER, British Columbia, April 29, 2020 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that, in addition to the actions previously announced, it is taking additional measures to enable greater financial flexibility and preserve liquidity in response to the current uncertain market conditions caused by the COVID-19 pandemic and low oil price environment. The Company is working with its banking partners to obtain flexibility on certain financial covenants in its existing $300 million committed revolving credit facility and $800 million non-revolving construction facility. The Company has agreed on key parameters with its lead bank and is working with the other members of the bank syndicate to finalize these changes to the credit fac Show less Read more
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