On April 2, 2026, Westlake Corporation announced the execution of a new credit agreement, establishing an unsecured revolving credit facility amounting to $1.5 billion. This facility replaces the previous credit agreement dated June 9, 2022, which also provided for a revolving credit facility of the same amount. The new agreement, effective immediately, is backed by a consortium of lenders, with JPMorgan Chase Bank, National Association serving as the administrative agent. The terms of the new facility include interest rates tied to either the Term SOFR rate or the Alternate Base Rate, with spreads that vary based on Westlake's credit rating. The agreement also includes provisions for letters of credit and swingline loans, enhancing Westlake's liquidity position. The maturity date for this facility is set for April 2, 2031, indicating a long-term commitment from the lenders. This strategic move is expected to bolster Westlake's financial flexibility and support its operational needs moving forward.

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