Westlake Corp Prices $1.625 Billion Senior Notes Offering

TL;DR

Westlake just priced $1.625B in senior notes due 2029 at 5.125%. Closing Aug 29.

AI Summary

On August 26, 2025, Westlake Corporation announced the pricing of its offering of $1.625 billion aggregate principal amount of senior notes. The notes will mature in 2029 and will bear interest at a rate of 5.125% per annum. The offering is expected to close on August 29, 2025.

Why It Matters

This debt issuance provides Westlake Corporation with capital, potentially for expansion, acquisitions, or refinancing existing debt, impacting its financial structure and future growth prospects.

Risk Assessment

Risk Level: medium — Issuing a significant amount of debt increases financial leverage and interest expense, which can be a risk if the company's earnings decline.

Key Numbers

• $1.625B — Senior Notes Offering (Total principal amount of debt issued by Westlake Corporation.)
• 5.125% — Interest Rate (The annual interest rate on the newly issued senior notes.)
• 2029 — Maturity Year (The year in which the principal amount of the senior notes will be due.)

Key Players & Entities

• Westlake Corporation (company) — Registrant
• $1.625 billion (dollar_amount) — Aggregate principal amount of senior notes
• 2029 (date) — Maturity year of senior notes
• 5.125% (dollar_amount) — Interest rate on senior notes
• August 26, 2025 (date) — Date of report
• August 29, 2025 (date) — Expected closing date of offering

FAQ

From the Filing

0001262823-25-000056.txt : 20250826 0001262823-25-000056.hdr.sgml : 20250826 20250826164629 ACCESSION NUMBER: 0001262823-25-000056 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250826 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250826 DATE AS OF CHANGE: 20250826 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WESTLAKE CORP CENTRAL INDEX KEY: 0001262823 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL ORGANIC CHEMICALS [2860] ORGANIZATION NAME: 08 Industrial Applications and Services EIN: 760346924 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32260 FILM NUMBER: 251258316 BUSINESS ADDRESS: STREET 1: 2801 POST OAK BLVD STREET 2: SUITE 600 CITY: HOUSTON STATE: TX ZIP: 77056 BUSINESS PHONE: 713-960-9111 MAIL ADDRESS: STREET 1: 2801 POST OAK BLVD STREET 2: SUITE 600 CITY: HOUSTON STATE: TX ZIP: 77056 FORMER COMPANY: FORMER CONFORMED NAME: WESTLAKE CHEMICAL CORP DATE OF NAME CHANGE: 20030908 8-K 1 wlk-20250826.htm 8-K wlk-20250826 false 0001262823 0001262823 2025-08-26 2025-08-26 0001262823 us-gaap:CommonStockMember 2025-08-26 2025-08-26 0001262823 wlk:OnePointSixTwoFivePercentageSeniorNotesDueTwentyTwentyNineMemberDomain 2025-08-26 2025-08-26 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (date of earliest event reported): August 26, 2025 Westlake Corporation (Exact name of registrant as specified in its charter) Delaware 001-32260 76-0346924 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 2801 Post Oak Boulevard, Suite 600 Houston, Texas 77056 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: ( 713 )  960-9111 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value WLK The New York Stock Exchange 1.625% Senior Notes due 2029 WLK29 The New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻ Item 7.01    Regulation FD Disclosure On August 26, 2025, Westlake Corporation (the “Company” or "Westlake") issued a press release announcing it has entered into an agreement to acquire the global compounding solutions businesses of the ACI/Perplastic Group. A copy of the press release is furnished with this Current Report as Exhibit 99.1. The information furnished pursuant to this Current Report, including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange A