Daily News: July 21, 2014

BofA Agents Westlake Chemical Revolver Amendment

Westlake Chemical announced the completion of a third amendment and restatement of its $400 million revolving credit agreement, thereby extending the maturity to 2019, reducing interest costs, and increasing financial flexibility.

According to the company 8-K filing, Bank of America served as agent.

“We are pleased to have completed this agreement as it increases our company’s financial flexibility and provides the liquidity to fund our continued growth,” said Albert Chao, Westlake’s president and chief executive officer.

Westlake Chemical is an international manufacturer and supplier of petrochemicals, polymers and building products with headquarters in Houston, TX.