Methanex Announces US$300 Million Partial 2027 Note Redemption

Methanex will redeem US$300 million of its 2027 notes early, using strong cash flows to advance its balance sheet leverage goals.

Rhea-AI Summary

Methanex (MEOH) plans a partial redemption of US$300 million of its outstanding 5.125% senior notes due October 15, 2027, on October 19, 2026.

The company links this early redemption to its strong cash position, ongoing cash flow generation from tight global methanol markets, and production from a strengthened asset base, stating that the move aligns with its balance sheet leverage target.

Positive

• US$300 million partial redemption of 5.125% notes due 2027
• Redemption attributed to strong cash position and cash flow generation

Negative

• None.

News Explained

Methanex has issued a notice to redeem US$300 million of its 5.125% senior notes due October 15, 2027, with the redemption scheduled for October 19, 2026; the disclosure therefore records a planned redemption, not a completed one.

Market Context

On Aug 20, Methanex disclosed a $290,950,000 Natgasoline refinancing; that documented debt-managemen...

Analysis

On Aug 20, Methanex disclosed a $290,950,000 Natgasoline refinancing; that documented debt-management activity provided relevant context for the company’s announced partial redemption of senior notes.

Key Figures

Partial redemption: US$300 million Note coupon: 5.125% Original maturity: October 15, 2027 +1 more

Partial redemption

US$300 million

Outstanding 5.125% senior notes due October 15, 2027

Note coupon

5.125%

Senior notes being partially redeemed

Original maturity

October 15, 2027

Senior notes maturity date

Redemption date

October 19, 2026

Announced partial note redemption

Historical Context

2 past events · Latest: Aug 20

2 events

1. Aug 20

   Natgasoline refinancing

   24h Move

   +2.4%

   Natgasoline refinancing deferred mandatory amortization and increased cash flow flexibility at the joint venture.

2. Jul 28

   Q2 earnings report

   24h Move

   +2.7%

   Strong earnings and full Term Loan A repayment documented cash generation and deleveraging.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

senior notes, partial redemption

2 terms

senior notes financial

"US$300 million of its outstanding 5.125% senior notes due October 15, 2027"

Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.

partial redemption financial

"issued a notice of partial redemption for US$300 million"

Partial redemption is when an issuer repays only a portion of a debt or redeemable security issue—such as bonds, notes, or preferred shares—rather than the entire outstanding amount. It matters to investors because it changes the size of their holding and future cash flows: some holders receive cash for the redeemed portion while remaining investors retain a smaller, unchanged instrument, similar to trimming part of a loan and leaving the rest on the original terms.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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VANCOUVER, British Columbia, Sept. 21, 2026 (GLOBE NEWSWIRE) -- Methanex Corporation (the “Company” or “Methanex”) (TSX: MX) (Nasdaq: MEOH) announced today that it has issued a notice of partial redemption for US$300 million of its outstanding 5.125% senior notes due October 15, 2027. The redemption date is October 19, 2026.

Rich Sumner, President and CEO, Methanex Corporation, stated, “Today’s announcement is underpinned by the company’s strong cash position and cash flow generation capability, resulting from continued tight global methanol market conditions combined with production from our significantly strengthened asset base, and is aligned with our commitment to progress towards our stated balance sheet leverage target.”

ABOUT METHANEX

Methanex is a Vancouver-based, publicly traded company and is the world’s largest supplier of methanol globally. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol “MX” and on the Nasdaq Stock Market in the United States under the trading symbol “MEOH”. Methanex can be visited online at www.methanex.com.

FORWARD-LOOKING INFORMATION WARNING

This news release contains certain forward-looking statements, or forward-looking information, with respect to us and our industry. These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. Statements that include the word “will” or other comparable terminology and similar statements of a future or forward-looking nature identify forward-looking statements.

Forward-looking statements, by their nature, involve risks and uncertainties that could cause actual results to differ materially from those contemplated by the forward-looking statements. Factors that may cause actual results to vary include, but are not limited to, risks relating to conditions in the financial markets and other risk factors as detailed from time to time in Methanex’s reports filed with Canadian securities administrators and the U.S. Securities and Exchange Commission. Certain of these risks are described in more detail in our 2025 Annual Management’s Discussion and Analysis and Second Quarter 2026 Management’s Discussion and Analysis and in our public filings with Canadian securities administrators and the U.S. Securities and Exchange Commission.

Readers are cautioned not to place undue reliance on forward-looking statements. They are not a substitute for the exercise of one’s own due diligence and judgment. The outcomes implied by forward-looking statements may not occur and we do not undertake to update forward-looking statements except as required by applicable securities laws.

Inquiries:
Robert B. Winslow, CFA
Vice President, Investor Relations
Methanex Corporation
604-661-2600 or Toll Free: 1-800-661-8851
www.methanex.com