Westlake Boosts Liquidity with New $1.5 Billion Credit Facility

The latest update is out from Westlake Corporation ( (WLK) ).

On April 2, 2026, Westlake Corporation entered into a new unsecured revolving credit agreement providing up to $1.5 billion in borrowing capacity, replacing an existing facility of the same size that was terminated that day without costs or penalties. The new facility, which matures on April 2, 2031, features pricing tied to Westlake’s credit ratings, includes a $150 million letter-of-credit sub-limit, a $50 million swingline loan commitment and an option to upsize the facility by up to $500 million, reinforcing the company’s financial flexibility and liquidity profile through customary covenants and leverage tests.

Any borrowings under the facility will accrue interest at either a Term SOFR-based rate plus a spread of 1.000% to 1.625% or an ABR-based rate plus a spread of 0.000% to 0.625%, with an undrawn commitment fee of 0.090% to 0.200%, all varying with Westlake’s credit rating. The agreement also includes standard events of default provisions that allow lenders to accelerate repayment and terminate commitments if certain conditions are breached, underscoring the importance for Westlake of maintaining its leverage metrics and credit profile over the life of the facility.

The most recent analyst rating on (WLK) stock is a Hold with a $115.00 price target. To see the full list of analyst forecasts on Westlake Corporation stock, see the WLK Stock Forecast page.

Spark’s Take on WLK Stock

According to Spark, TipRanks’ AI Analyst, WLK is a Neutral.

The score is held back primarily by deteriorated TTM fundamentals (losses, compressed margins, and negative free cash flow), partially offset by a solid balance sheet. Technicals are supportive with strong trend/momentum, and the earnings call adds a measured positive via clear 2026 improvement guidance, but valuation support is limited while earnings remain negative.

To see Spark’s full report on WLK stock, click here.

More about Westlake Corporation

Westlake Corporation is a global manufacturer in the chemicals and materials industry, producing a range of petrochemicals, polymers and building products that serve construction, packaging and industrial end markets. The company relies on large-scale capital markets and bank facilities to support its working capital, refinancing needs and broader corporate liquidity management.

Average Trading Volume: 1,410,513

Technical Sentiment Signal: Buy

Current Market Cap: $15.27B

For an in-depth examination of WLK stock, go to TipRanks’ Overview page.