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 […]
VANCOUVER, British Columbia - Methanex Corporation has announced that Natgasoline LLC, a joint venture between Methanex and Consolidated Energy, has priced the issuance of $290,950,000 in tax-exempt bonds. These bonds, known as the "2026 Bonds," have a mandatory tender date of August 1, 2036, and will mature on August 1, 2046. The funds raised will be used to repay the existing $290,950,000 Natgasoline municipal bonds, which were issued in 2018 and are set to mature in 2031.
The coupon rate on the new bonds is 4.75%. The bond offering is expected to close on or around August 28, 2026, pending the fulfillment of standard closing conditions. The 2018 bonds were previously subject to a semi-annual amortization through a sinking fund redemption that began on October 1, 2025.
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