Westlake Chemical Corporation announced the completion of a third amendment and restatement of its $400 million revolving credit agreement, thereby extending the maturity to 2019, reducing interest costs, and increasing financial flexibility.

According to an 8-K filing with the Securities and Exchange Commission on Jul. 17, Bank of America is the adminstrative agent on this facility. The 8-K filing can be viewed here.

"We are pleased to have completed this agreement as it increases our company's financial flexibility and provides the liquidity to fund our continued growth," said Albert Chao, Westlake's President and Chief Executive Officer.

Westlake Chemical Corporation is an international manufacturer and supplier of petrochemicals, polymers and building products with headquarters in Houston, Texas. The company's range of products includes: ethylene, polyethylene, styrene, propylene, caustic, VCM, PVC resin and PVC building products including pipe and specialty components, windows and fence.