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Methanex Corporation

Exchange: TSX Exchange | Oct 20, 2017, 10:48 PM EDT

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VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 28, 2005) - Methanex Corporation (TSX:MX)(NASDAQ:MEOH) announced today that it has entered into an underwriting agreement with ABN AMRO Incorporated, BNP Paribas Securities Corp., CIBC World Markets Corp. and RBC Capital Markets Corporation for the issue and sale of 6.00% senior notes due August 15, 2015 in an aggregate principal amount of US$150,000,000. The notes were issued at a price of 99.796% of the aggregate principal amount, with an effective yield to maturity of 6.027%. This transaction is expected to close on August 3, 2005.

The net proceeds, together with cash on hand, will be used to repay the Company's existing US$250 million 7.75% notes due August 15, 2005 upon their maturity. After issue of the new notes and repayment of these existing notes, the Company's long-term debt will be reduced by US$100 million.

When available, a copy of the final prospectus can be obtained on www.sec.gov or from ABN AMRO at 55 E. 52nd Street, 6th Floor, New York, NY, 10055, Attention: Syndicate Desk or BNP Paribas, 787 Seventh Avenue, 8th Floor, New York, NY, 10019, Attention: Debt Syndicate.

Methanex is the world's largest producer and marketer of methanol. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX" and on the Nasdaq National Market in the United States under the trading symbol "MEOH".


Methanex Corporation
Wendy Bach
Director, Investor Relations
(604) 661-2600 or Toll Free: 1-800-661-8851


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