Methanex Corporation

Methanex Corporation

June 06, 2005 09:00 ET

Methanex Improves Financial Strength and Flexibility with New Five-Year Banking Facility

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 6, 2005) - Methanex Corporation (TSX:MX)(NASDAQ:MEOH) has arranged a US$250 million five-year revolving credit facility with a syndicate of banks. This new facility replaces the Company's existing three-year US$250 million revolver, which would have expired at the end of 2006, and improves the Company's financial strength and flexibility. RBC Capital Markets Inc. was the Arranger for the facility.

Methanex is the world's largest producer and marketer of methanol. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX" and on the Nasdaq National Market in the United States under the trading symbol "MEOH". Methanex can be visited online at

Information in this news release may contain forward-looking statements. By their nature, such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated by the forward-looking statements. They include world-wide economic conditions, actions of competitors, the availability and cost of gas feedstock, the ability to implement business strategies and pursue business opportunities, conditions in the methanol and other industries including the supply and demand for methanol and the risks attendant with producing and marketing methanol, integrating acquisitions and realizing anticipated synergies and carrying out major capital expenditure projects. Please also refer to our publicly available documents filed from time to time with securities commissions.

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