This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Methanex signs for $200-million (U.S.) credit facility 2009-08-28 09:06 ET - News Release Mr. Ian Cameron reports METHANEX ENHANCES FINANCIAL STRENGTH AND FLEXIBILITY WITH NEW BANKING FACILITY Methanex Corp. has finalized a new $200-million (U.S.) revolving credit facility with a syndicate of banks. The new facility expires in May, 2012, and replaces the company's existing revolving facility, which would have expired in mid-2010. RBC Capital Markets Inc. was the arranger for the facility. Ian Cameron, senior vice-president, finance, and chief financial officer of Methanex, commented: "Consistent with our prudent approach to financial management, we are committed to maintaining a strong financial position. In the current uncertain economic environment, we believe there is value maintaining a two- to three-year horizon on the facility and we are pleased to have also agreed to more flexible terms that improve the accessibility of the facility." The remainder is available to Stockwatch subscribers.
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