Methanex (TSE:MX) has released an update.
Methanex Corporation has announced the renewal of its $300 million revolving credit facility and the addition of a new $200 million tranche, aiming to enhance financial flexibility and maintain a resilient balance sheet. The facility, supported by a syndicate of banks, will mature in 2028, with the new tranche expiring in 2026. The move signifies Methanex’s commitment to managing its business effectively throughout the methanol price cycle.
For further insights into TSE:MX stock, check out TipRanks’ Stock Analysis page.