Content and data provided by various third parties and Fidelity - Terms of Use
Print.Print
Small font size A Larger text size A Largest text size A

Westlake Launches Senior Notes Offering, Cash Tender for 2026 Notes

BY MT Newswires | CORPORATE | 11/04/25 11:38 AM EST

11:38 AM EST, 11/04/2025 (MT Newswires) -- Westlake (WLK) said Tuesday it has launched an underwritten public offering of senior unsecured notes and a concurrent cash tender offer to purchase any and all of its outstanding 3.60% senior notes due 2026.

The company said net proceeds from the notes sale will be used to fund the tender offer, with any remaining proceeds allocated toward its pending acquisition of the global compounding solutions businesses of the ACI/Perplastic Group and for general corporate purposes, including working capital.

The tender offer will expire at 5 p.m. New York City time on Nov. 10, unless extended or terminated, Westlake said.

The notes offering is not contingent upon the completion of the tender offer or the ACI acquisition, according to a statement.

Shares of Westlake fell 1.1% in recent Tuesday trading.

Price: 67.40, Change: -0.89, Percent Change: -1.30

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

More Fixed Income News

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

© 1998 – 2014 FMR LLC.

All rights reserved.
fir_news_article