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Stock impact report

Westlake Announces Proposed Offering of Senior Notes

Westlake Corporation (WLK) 
Last westlake corporation earnings: 2/18 06:30 am Check Earnings Report
US:NYSE Investor Relations: westlake.com/investor-relations
Company Research Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Westlake Corporation (NYSE: WLK) (“Westlake”) announced today the commencement of an underwritten public offering, subject to market and other conditions, of senior unsecured notes (the “Notes”) under its existing shelf registration statement.The timing of pricing and terms of the Notes are subject to market conditions and other factors. Westlake intends to use the net proceeds from the proposed public offering of the Notes to fund the repurchase of its outstanding 3.600% Senior Notes due 2026 (the “2026 Senior Notes”) pursuant to a concurrent cash tender offer (the “Tender Offer”) for any and all of the 2026 Senior Notes. Westlake anticipates using any remaining net proceeds to fund the purchase price of its pending acquisition of the global compounding solutions businesses of the ACI/Perplastic Group (the “ACI Acquisition”) and for general corporate purposes, including working capital management. The offering of the Notes is not contingent upon the succ Show less Read more
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