Westlake Chemical Partners LP Increases Capacity of Revolving Credit Facility
HOUSTON--(BUSINESS WIRE)--Dec. 5, 2017-- Westlake Chemical Partners LP (NYSE: WLKP) announced today that it has increased the capacity of its existing revolving credit agreement with Westlake Chemical Finance Corporation from $300 million to $600 million. The facility maturity date is April 29, 2021. The Partnership intends to use the increased availability in the future to acquire additional interests in Westlake Chemical OpCo LP, for other acquisitions and general corporate purposes.
About Westlake Chemical Partners LP
Westlake Chemical Partners is a limited partnership formed by Westlake Chemical Corporation to operate, acquire and develop ethylene production facilities and other qualified assets. Headquartered in Houston, the Partnership owns a 18.3% interest in Westlake Chemical OpCo LP. Westlake Chemical OpCo LP’s assets include three facilities in Calvert City, Kentucky, and Lake Charles, Louisiana which process ethane and propane into ethylene, and an ethylene pipeline. For more information about Westlake Chemical Partners LP, please visit http://www.wlkpartners.com/.
Source: Westlake Chemical Partners LP
Westlake Chemical Partners LP
Ben Ederington, 713-585-2900
Steve Bender, 713-585-2900