Methanex Corp Files 6-K on New Indenture

TL;DR

Methanex inked a new debt deal on Nov 22nd, details in 6-K filing.

AI Summary

Methanex Corporation, a foreign private issuer, filed a Form 6-K on November 29, 2024, reporting an Indenture dated as of November 22, 2024. This indenture involves Methanex US Operations Inc. as the Company, Methanex Corporation as the Parent Guarantor, and The Bank of New York Mellon as the Trustee, concerning unspecified "Notes."

Why It Matters

This filing indicates a new debt instrument or financing arrangement, which could impact the company's capital structure and future financial obligations.

Risk Assessment

Risk Level: medium — The filing pertains to a debt indenture, which introduces financial obligations and potential risks related to borrowing.

Key Players & Entities

• Methanex Corporation (company) — Registrant and Parent Guarantor
• Methanex US Operations Inc. (company) — Company under the Indenture
• The Bank of New York Mellon (company) — Trustee under the Indenture
• November 22, 2024 (date) — Date of the Indenture
• November 29, 2024 (date) — Filing date of the 6-K

FAQ

Filing Documents

• d903834d6k.htm (6-K) — 608KB
• 0001193125-24-267988.txt ( ) — 609KB

From the Filing

6-K 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 NOVEMBER 2024 COMMISSION FILE NUMBER 000-20115 METHANEX CORPORATION (Translation of registrants name into English) 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-FForm 40-F Execution Version METHANEX US OPERATIONS INC. as Company and METHANEX CORPORATION as Parent Guarantor and THE BANK OF NEW YORK MELLON as Trustee INDENTURE Dated as of November 22, 2024 CONTENTS Clause Page ARTICLE I DEFINITIONS AND INCORPORATION BY REFERENCE Section 1.01 Definitions 5 Section 1.02 No Incorporation by Reference of Trust Indenture Act 19 Section 1.03 Rules of Construction 19 ARTICLE II THE NOTES Section 2.01 Amount Unlimited; Issuable in Series 20 Section 2.02 Denominations 22 Section 2.03 Forms 22 Section 2.04 Execution, Authentication, Delivery and Dating 23 Section 2.05 Additional Notes 25 Section 2.06 Registrar and Paying Agent; Depositary 25 Section 2.07 Paying Agent to Hold Money in Trust 25 Section 2.08 Holder Lists 26 Section 2.09 Transfer and Exchange 26 Section 2.10 Replacement Notes 38 Section 2.11 Outstanding Notes 38 Section 2.12 Original Issue Discount, Foreign-Currency Denominated and Treasury Notes 39 Section 2.13 Temporary Notes 39 Section 2.14 Cancellation 39 Section 2.15 Payments; Defaulted Interest 39 Section 2.16 Persons Deemed Owners 40 Section 2.17 Computation of Interest 40 ARTICLE III REDEMPTION Section 3.01 Redemption 40 Section 3.02 Applicability of Article 40 Section 3.03 Selection of Notes to be Redeemed 40 Section 3.04 Notice of Redemption 41 Section 3.05 Effect of Notice of Redemption 42 Section 3.06 Deposit of Redemption Price 42 Section 3.07 Notes Redeemed or Purchased in Part 42 Section 3.08 Purchase of Notes 43 ARTICLE IV COVENANTS Section 4.01 Payment of Notes 43 Section 4.02 Reports 43 Section 4.03 Change of Control 44 Section 4.04 Limitations on Liens 46 Section 4.05 Limitation on Sale/Leaseback Transactions 46 Section 4.06 Additional Guarantees; Limitation on Subsidiary Indebtedness 46 Section 4.07 Limitations on Affiliate Transactions and Unrestricted Subsidiaries 47 Section 4.08 48 2 ARTICLE V SUCCESSORS Section 5.01 When Company May Merge or Transfer Assets 48 Section 5.02 When Restricted Subsidiaries That are Guarantors May Merge or Transfer Assets 49 ARTICLE VI DEFAULTS AND REMEDIES Section 6.01 Events of Default 49 Section 6.02 Acceleration 51 Section 6.03 Other Remedies 52 Section 6.04 Waiver of Past Defaults and Events of Default 52 Section 6.05 Control by Majority 52 Section 6.06 Limitation on Suits 52 Section 6.07 Rights of Holders to Receive Payment 53 Section 6.08 Collection Suit by Trustee 53 Section 6.09 Trustee May File Proofs of Claim 53 Section 6.10 Priorities 54 Section 6.11 Undertaking for Costs 54 ARTICLE VII TRUSTEE Section 7.01 Duties of Trustee 55 Section 7.02 Rights of Trustee 56 Section 7.03 May Hold Notes 57 Section 7.04 Trustees Disclaimer 58 Section 7.05 Notice of Defaults 58 Section 7.06 Intentionally Omitted 58 Section 7.07 Compensation and Indemnity 58 Section 7.08 Replacement of Trustee 59 Section 7.09 Successor Trustee by Merger, etc. 60 Section 7.10 Eligibility; Disqualification 61 Section 7.11 Appointment of Co-Trustee 61 ARTICLE VIII DISCHARGE OF INDENTURE Section 8.01 Satisfaction and Discharge of Liability on Notes; Defeasance 62 Section 8.02 Conditions of Defeasance 63 Section 8.03 Application of Trust Money 64 Section 8.04 Repayment to Company 65 Section 8.05 Indemnity for U.S. Government Obligations 65 Section 8.06 Reinstatement 65 Section 8.07 Moneys Held by Paying Agent 65 Section 8.08 Moneys Held by Trustee 65 ARTICLE IX SUPPLEMENTAL INDENTURES AND AMENDMENTS Section 9.01 Without Consent of Holders 66 Section 9.02 With Consent of Holders 67 Section 9.03 Revocation and Effect of Consents 68 Section 9.04 Notation on or Exchange of Notes 69 3 Section 9.05 Trustee to Sign Amendments, etc. 69 ARTICLE X PARENT GUARANTEE Section 10.01 Parent Guarantee 69 Section 10.02 Limitation of Liability 71 Section 10.03 No Waiver, etc. 71 Section 10.04 Modifications, etc. 71 ARTICLE XI MISCELLANEOUS Section 11.01 Notices 72 Section 11.02 Certificate and Opinion as to Conditions Precedent 74 Section 11.03 Rules by Trustee and Agents 74 Section 11.04 Business Days 74 Section 11.05 No Recour

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View this 6-K filing on SEC EDGAR