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Westlake Chemical Raises $100M to Expand Facilities

Tue, 07/06/2010 - 6:57am

HOUSTON (AP) — Westlake Chemical Corp. said Tuesday it has raised $100 million to expand and refurbish its facilities in the Calcasieu and Ascension parishes in Lousiana.

The Houston chemical, vinyl and polymer maker said it raised the money from tax-exempt revenue bonds issued by the Louisiana Local Government Environmental Facilities and Community Development Authority.

The unsecured bonds are due Aug. 1, 2029 and carry an interest rate of 6.5 percent per year.

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