VANCOUVER, British Columbia, Aug.  20, 2026  (GLOBE NEWSWIRE) -- Methanex Corporation (the &#34;Company&#34; or &#34;Methanex&#34;) (TSX:MX) (NASDAQ:MEOH) announced today that Natgasoline LLC, a joint venture with

TSX:MX

Methanex Provides Update on Natgasoline Refinancing

Methanex refinances Natgasoline debt with 2026 bonds, extends JV flexibility.

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>VANCOUVER, British Columbia, Aug.  20, 2026  (GLOBE NEWSWIRE) -- Methanex Corporation (the &amp;#34;Company&amp;#34; or &amp;#34;Methanex&amp;#34;) (TSX:MX) (NASDAQ:MEOH) announced today that Natgasoline LLC, a joint venture with</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Methanex announced that Natgasoline LLC, a 50/50 joint venture with Consolidated Energy, priced $290.95 million of 2026 tax-exempt bonds at 4.75% to refinance the 2018 Natgasoline bonds due 2031. The deal defers amortization, boosting JV cash flow and flexibility to deleverage with operating cash. There is no immediate direct impact on Methanex’s own debt.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Methanex refinances Natgasoline debt with $290.95m 2026 bonds at 4.75%.</li><li>Closing expected around Aug 28, 2026; funds to repay 2018 Natgasoline bonds.</li><li>Natgasoline JV is 50% Methanex-owned; refinancing defers amortization.</li><li>Refinancing provides JV cash-flow flexibility; potential deleveraging and higher optionality.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Methanex Corporation (MX)</strong>: Holds 50% of Natgasoline; refinancing could improve JV cash flow and leverage.</li><li><strong>Natgasoline LLC (N/A)</strong>: JV with Consolidated Energy; Methanex’s ownership implies indirect equity impact.</li><li><strong>Mission Economic Development Corporation (N/A)</strong>: Issuer of the 2026 bonds used to refinance Natgasoline debt.</li><li><strong>Consolidated Energy Limited (N/A)</strong>: JV partner in Natgasoline; financing impacts via JV cash flow.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. Fits as a capital-structure refinance within a joint venture, signaling liquidity management rather than operational results.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>JV debt refinancing could improve Natgasoline cash flow and deleveraging potential.</li><li>Closing targeted for late August 2026; near-term MX price reaction may be muted.</li><li>MX’s direct debt unchanged; valuation hinges on Natgasoline JV performance.</li><li>Potential credit-profile benefit for Methanex if Natgasoline strengthens finances.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Natgasoline LLC is a 50% Methanex-owned joint venture with Consolidated Energy Limited.</li><li>2026 Bonds principal: $290,950,000; coupon: 4.75%; final maturity: Aug 1, 2046.</li><li>Mandatory tender date: Aug 1, 2036; closing expected on/about Aug 28, 2026.</li><li>Proceeds loaned to Natgasoline to refinance the existing 2018 Natgasoline bonds.</li><li>2018 bonds mature in 2031 and were subject to sinking fund redemption starting Oct 1, 2025.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>MX should see modest positive impact over 6–12 months from JV deleveraging and cash-flow relief, with limited direct balance-sheet impact.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p>VANCOUVER, British Columbia, Aug.  20, 2026  (GLOBE NEWSWIRE) -- Methanex Corporation (the "Company" or "Methanex") (TSX:<a class="ticker" href="https://www.benzinga.com/quote/MX">MX</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/MEOH">MEOH</a>) announced today that Natgasoline LLC, a joint venture with Consolidated Energy Limited in which Methanex holds a 50% equity interest, has priced the issuance of tax-exempt bonds by Mission Economic Development Corporation with a principal amount of $290,950,000 (the "2026 Bonds"), a mandatory tender date of August 1, 2036, and a final maturity date of August 1, 2046. The proceeds of the issuance will be loaned to Natgasoline LLC and used to repay the existing $290,950,000 Natgasoline municipal bonds issued in 2018, which mature in 2031 (the "2018 Bonds"). The coupon rate on the 2026 Bonds was set at 4.75%. Closing of the bond offering is expected to occur on or about August 28, 2026, subject to customary closing conditions. The 2018 Bonds were subject to a semi-annual amortization through a sinking fund redemption initiated on October 1, 2025.</p>  <p align="justify">Dean Richardson, Senior Vice President, Finance and Chief Financial Officer, Methanex Corporation, stated, "We are pleased with this refinancing as it maintains a solid financial base for the Natgasoline joint venture, deferring mandatory amortization payments that were coming due. This will provide the entity with greater flexibility for the use of operating cash flows moving forward, including the potential to deleverage through the repayment of higher-cost borrowings in this entity."</p>  <p align="justify"><strong>ABOUT METHANEX</strong></p>  <p align="justify">Methanex is a Vancouver-based, publicly traded company and is the world’s largest supplier of methanol globally. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX" and on the Nasdaq Stock Market in the United States under the trading symbol "MEOH". Methanex can be visited online at <a href="https://www.globenewswire.com/Tracker?data=w6vTJhJZeOCyFJIPlQMEyuU3FrosOF6aIQAkgQ0ojv15FfzKkZiHQqlDwQtnbZPZt6RD2t8dnRGF8OvCRXfXf275gJkeZPqKiR5mAfau1uo=" rel="nofollow" target="_blank">www.methanex.com</a>.</p>  <p align="justify"><strong>FORWARD-LOOKING INFORMATION WARNING</strong></p>  <p align="justify">This news release contains certain forward-looking statements, or forward-looking information, with respect to us and our industry. These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. Statements that include the word "expects", "will" or other comparable terminology and similar statements of a future or forward-looking nature identify forward-looking statements. More particularly and without limitation, any statement regarding Methanex’s intended use of proceeds is a forward-looking statement.</p>  <p align="justify">Forward-looking statements, by their nature, involve risks and uncertainties that could cause actual results to differ materially from those contemplated by the forward-looking statements. Factors that may cause actual results to vary include, but are not limited to, risks relating to conditions in the financial markets and other risk factors as detailed from time to time in Methanex’s reports filed with Canadian securities administrators and the U.S. Securities and Exchange Commission. Certain of these risks are described in more detail in our 2025 Annual Management’s Discussion and Analysis and Second Quarter 2026 Management’s Discussion and Analysis and in our public filings with Canadian securities administrators and the U.S. Securities and Exchange Commission.</p>  <p align="justify">Readers are cautioned not to place undue reliance on forward-looking statements. They are not a substitute for the exercise of one’s own due diligence and judgment. The outcomes implied by forward-looking statements may not occur and we do not undertake to update forward-looking statements except as required by applicable securities laws.</p>  <p><strong>Inquiries:</strong><br></br>Robert B. Winslow, CFA<br></br>Vice President, Investor Relations<br></br>Methanex Corporation<br></br>604-661-2600 or Toll Free: 1-800-661-8851<br></br><a href="https://www.globenewswire.com/Tracker?data=w6vTJhJZeOCyFJIPlQMEyumGS1dAM7fG0pKJCuhbQ5Sr1Moxc3WILCBM4lCrQxjAiKhuM-OqUBNmm2zabZm0D9JguGRJb1PxM4NOR7snlAI=" rel="nofollow" target="_blank">www.methanex.com</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTgxMzkzNCM3Nzg3MDQyIzIyMjM3ODQ="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/YjkzNDRiM2YtN2ZkNS00ZWQ0LWI5YTUtZDYzZTlmZTQ2NGYxLTEyMzUzMzctMjAyNi0wOC0yMC1lbg==/tiny/Methanex-Corporation.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/365b645c-17ea-4b73-a46e-9adb2324f2ca"><img src="https://ml.globenewswire.com/media/365b645c-17ea-4b73-a46e-9adb2324f2ca/small/methanexlogo-jpg.jpg" border="0" width="150" height="60" alt="Primary Logo"></img></a></p>

Methanex announced that Natgasoline LLC, a 50/50 joint venture with Consolidated Energy, priced $290.95 million of 2026 tax-exempt bonds at 4.75% to refinance the 2018 Natgasoline bonds due 2031. The deal defers amortization, boosting JV cash flow and flexibility to deleverage with operating cash. There is no immediate direct impact on Methanex’s own debt.

News insight

Methanex Provides Update on Natgasoline Refinancing

AI summary

Sentiment rationale

Key facts

Corporate Developments