Westlake Chemical Corporation $500 Million Notes Offering

Davis Polk advised the representatives of the underwriters on an SEC-registered offering by Westlake Chemical Corporation of $500 million aggregate principal amount of its 4.375% senior notes due 2047. Westlake intends to use the net proceeds from the offerings to fund the redemption of its 2021 notes and 2023 notes.

Westlake is a vertically integrated global manufacturer and marketer of basic chemicals, vinyls, polymers and building products. Westlake’s products include some of the most widely used chemicals in the world, which are fundamental to many diverse consumer and industrial markets, including flexible and rigid packaging, automotive products, coatings, residential and commercial construction as well as other durable and non-durable goods.

 The Davis Polk capital markets team included partner Byron B. Rooney and associate Eugene Baek. The tax team included partner Rachel D. Kleinberg. The environmental team included counsel David A. Zilberberg and associate Yuko Masunaga. Members of the Davis Polk team are based in the New York and Northern California offices.