0001193125-26-142822
SEC filingWestlake Corporation entered a new $1.5 billion unsecured revolving credit facility on April 2, 2026, replacing and terminating its previous facility of the same size with no costs or penalties.
Westlake Corporation refinanced its existing $1.5 billion revolving credit facility with an identical-sized unsecured replacement, maintaining the same administrative agent, JPMorgan Chase Bank, N.A. The new Credit Agreement, effective April 2, 2026, provides continuity in liquidity access through maturity on April 2, 2031, without early termination penalties on the prior facility dated June 9, 2022. Key enhancements include a $150 million letters of credit sub-limit, $50 million same-day swingline option, and potential expansion up to $2.0 billion via $25 million increments, subject to lender agreement and conditions. Pricing tiers hinge on Westlake's public debt ratings from S&P, Moody's, and Fitch, with current Level III implying Term SOFR +125 bps, ABR +25 bps, and 12.5 bps commitment fee. The leverage covenant offers ongoing financial discipline, while standard default provisions protect lenders, signaling stable access to revolving capital for operational needs.