Davis Polk advised the sole lead arranger and administrative agent in connection with a $1 billion unsecured revolving credit facility to be made available to Westlake Chemical Corporation (“Westlake”).

Westlake is a vertically integrated global manufacturer and marketer of basic chemicals, vinyls, polymers and building products. Westlake’s products include some of the most widely used chemicals in the world, which are fundamental to many diverse consumer and industrial markets, including flexible and rigid packaging, automotive products, coatings, residential and commercial construction as well as other durable and non-durable goods.

The Davis Polk credit team included partner James A. Florack and associates Darren Mahone and Sarah M. Weissman. The tax team included partner Rachel D. Kleinberg, counsel Leslie J. Altus and associate Sarah Joy. The environmental team included counsel David A. Zilberberg and associate Yuko Masunaga. Associate Charles Shi provided executive compensation advice. Members of the Davis Polk team are based in the New York and Northern California offices.

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