HOUSTON--(BUSINESS WIRE)--Westlake Chemical Corporation (NYSE:WLK) announced today the completion of a new $1 billion unsecured revolving credit agreement. This new revolving credit facility will have a five year maturity date and replaces the previous asset-based revolving facility which has been terminated. This new revolving credit facility provides for working capital and general corporate purposes for the company.

"We are pleased to have completed this agreement as it increases our company's financial flexibility and provides the liquidity to fund our growth," said Albert Chao, Westlake's President and Chief Executive Officer. "This is a strong statement of support from our banks, and we appreciate their ongoing confidence in us."

About Westlake Chemical Corporation

Westlake Chemical Corporation is an international manufacturer and supplier of petrochemicals, polymers and building products with headquarters in Houston, Texas. Westlake's range of products includes: ethylene, polyethylene, styrene, propylene, caustic, VCM, PVC suspension and specialty resins and PVC building products including pipe and specialty components, windows, fence, deck and film. For more information, visit Westlake's Web site at www.westlake.com.