Methanex JV prices $291M bonds to refinance debt
METHANEX CORP (MEOH) reported that Natgasoline LLC, its 50%-owned joint venture with Consolidated Energy Limited, has priced an issuance of tax-exempt bonds by Mission Economic Development Corporation with a principal amount of $290,950,000 (the “2026 Bonds”).
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Form Type
6-K
Rhea-AI Filing Summary
METHANEX CORP (MEOH) reported that Natgasoline LLC, its 50%-owned joint venture with Consolidated Energy Limited, has priced an issuance of tax-exempt bonds by Mission Economic Development Corporation with a principal amount of $290,950,000 (the “2026 Bonds”). The new bonds carry a 4.75% coupon rate, a mandatory tender date of August 1, 2036, and a final maturity of August 1, 2046. Proceeds will be loaned to Natgasoline LLC and used to repay the existing $290,950,000 Natgasoline municipal bonds issued in 2018 that mature in 2031. Closing is expected on or about August 28, 2026, subject to customary closing conditions.
Methanex’s CFO Dean Richardson stated that this refinancing maintains a solid financial base for the Natgasoline joint venture and defers mandatory amortization payments that were coming due, which is expected to give Natgasoline greater flexibility in using operating cash flows, including potentially repaying higher-cost borrowings at that entity.
Filing Explained
The replacement bonds are priced, but the refinancing remains conditional and incomplete until the expected August 28 closing.
Methanex reports that Natgasoline’s
The existing 2018 bonds were subject to semi-annual amortization through a sinking-fund redemption that began on
Key Figures
2026 Bonds principal amount: $290,950,000
Coupon rate on 2026 Bonds: 4.75%
Mandatory tender date: August 1, 2036
+3 more
6 metrics
2026 Bonds principal amount
$290,950,000
Tax-exempt bonds to be issued by Mission Economic Development Corporation for Natgasoline LLC
Coupon rate on 2026 Bonds
4.75%
Interest rate on Natgasoline 2026 Bonds
Mandatory tender date
August 1, 2036
Mandatory tender date of the 2026 Bonds
Final maturity date
August 1, 2046
Final maturity of the 2026 Bonds
Existing 2018 Bonds principal
$290,950,000
Natgasoline municipal bonds issued in 2018 to be repaid with 2026 Bonds proceeds
Expected closing date
On or about August 28, 2026
Expected closing of the Natgasoline 2026 Bond offering
Key Terms
tax-exempt bonds, mandatory tender date, sinking fund redemption, forward-looking statements, +1 more
5 terms
tax-exempt bonds financial
"has priced the issuance of tax-exempt bonds by Mission Economic Development"
Tax-exempt bonds are loans investors make to governments or certain public entities where the interest paid is exempt from federal (and sometimes state or local) income tax. For investors, that tax break often means a lower stated interest rate can be more attractive after taxes, so you compare returns like comparing prices after a coupon—what matters is the money you actually keep, and also the issuer’s creditworthiness and changing tax rules affect the true value.
mandatory tender date financial
"with a principal amount of $290,950,000 ... and a mandatory tender date"
The mandatory tender date is the final deadline in a required takeover or buyout process when holders must submit (tender) their shares or securities to the offer to complete the transaction. It matters to investors because that date fixes who will be part of the deal and at what price, like a last-day RSVP that determines who attends and how the event’s outcome — ownership, control and the stock’s liquidity — will change afterward.
sinking fund redemption financial
"were subject to a semi-annual amortization through a sinking fund redemption"
A sinking fund redemption is when a bond issuer uses money it has been setting aside in a dedicated account to retire, buy back, or call a portion of its outstanding bonds before their final maturity. Think of it like a borrower putting regular savings into a piggy bank to pay down a mortgage early; for investors this can change when they get principal back and can affect bond prices and yields because some bonds may be redeemed earlier than expected.
forward-looking statements regulatory
"This news release contains certain forward-looking statements, or forward-looking"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
municipal bonds financial
"existing $290,950,000 Natgasoline municipal bonds issued in 2018"
Municipal bonds are loans that cities, counties, states, and their agencies sell to raise money for public projects such as schools, roads, hospitals, and utilities. For investors they act like lending to a local government in exchange for regular interest payments and return of principal at a set date; they often carry lower risk and may offer tax advantages, making them a source of steady, tax-efficient income and portfolio diversification.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What refinancing did MEOH announce for the Natgasoline joint venture?
Methanex announced that Natgasoline LLC has priced $290,950,000 in tax-exempt 2026 Bonds to be issued by Mission Economic Development Corporation, with proceeds loaned to Natgasoline to repay the existing $290,950,000 2018 municipal bonds that mature in 2031.
What are the key terms of the new Natgasoline 2026 Bonds linked to MEOH?
The Natgasoline 2026 Bonds have a principal amount of $290,950,000, a coupon rate of 4.75%, a mandatory tender date of August 1, 2036, and a final maturity date of August 1, 2046, according to Methanex.
When is the Natgasoline 2026 Bond offering expected to close for MEOH’s joint venture?
The bond offering for the Natgasoline 2026 Bonds is expected to close on or about August 28, 2026, subject to customary closing conditions, as disclosed by Methanex.
What benefits does MEOH see from the Natgasoline refinancing?
Methanex’s CFO stated the refinancing maintains a solid financial base for Natgasoline and defers mandatory amortization payments, providing greater flexibility for using operating cash flows, including the potential repayment of higher-cost borrowings at the Natgasoline entity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
FOR THE MONTH OF AUGUST 2026
COMMISSION FILE NUMBER 000-20115
METHANEX CORPORATION
(Registrant’s name)
SUITE 1800, 200 BURRARD STREET, VANCOUVER, BC V6C 3M1 CANADA
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F o | Form 40-F þ | |||||||
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
NEWS RELEASE
Methanex Corporation
1800 - 200 Burrard St.
Vancouver, BC Canada V6C 3M1
Investor Relations: 604-661-2600
Toll-Free: 1-800-661-8851
http://www.methanex.com
For immediate release
August 20, 2026
METHANEX PROVIDES UPDATE ON NATGASOLINE REFINANCING
VANCOUVER, BRITISH COLUMBIA (August 20, 2026) - Methanex Corporation (the “Company” or “Methanex”) (TSX: MX) (Nasdaq:MEOH) announced today that Natgasoline LLC, a joint venture with Consolidated Energy Limited in which Methanex holds a 50% equity interest, has priced the issuance of tax-exempt bonds by Mission Economic Development Corporation with a principal amount of $290,950,000 (the “2026 Bonds”), a mandatory tender date of August 1, 2036, and a final maturity date of August 1, 2046. The proceeds of the issuance will be loaned to Natgasoline LLC and used to repay the existing $290,950,000 Natgasoline municipal bonds issued in 2018, which mature in 2031 (the ”2018 Bonds”). The coupon rate on the 2026 Bonds was set at 4.75%. Closing of the bond offering is expected to occur on or about August 28, 2026, subject to customary closing conditions. The 2018 Bonds were subject to a semi-annual amortization through a sinking fund redemption initiated on October 1, 2025.
Dean Richardson, Senior Vice President, Finance and Chief Financial Officer, Methanex Corporation, stated, “We are pleased with this refinancing as it maintains a solid financial base for the Natgasoline joint venture, deferring mandatory amortization payments that were coming due. This will provide the entity with greater flexibility for the use of operating cash flows moving forward, including the potential to deleverage through the repayment of higher-cost borrowings in this entity.”
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 “expects”, “will” or other comparable terminology and similar statements of a future or forward-looking nature identify forward-looking statements. More particularly and without limitation, any statement regarding Methanex’s intended use of proceeds is a forward-looking statement.
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.
-end-
Inquiries:
Robert B. Winslow, CFA
Vice President, Investor Relations
Methanex Corporation
604-661-2600 or Toll Free: 1-800-661-8851
www.methanex.com
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
METHANEX CORPORATION | ||||||||||||||
| Date: August 20, 2026 | By: | /s/ KEVIN PRICE | ||||||||||||
| Name: | Kevin Price | |||||||||||||
| Title: | SVP, General Counsel & Corporate Secretary | |||||||||||||