April 1 (Reuters) - Methanex Corp MX.TO :
* METHANEX DEFERS GEISMAR 3 PROJECT SPENDING AND PROVIDES BUSINESS UPDATE
* METHANEX CORP - TO DEFER ABOUT $500 MILLION CAPITAL SPENDING ON ITS GEISMAR 3 METHANOL PROJECT FOR UP TO 18 MONTHS
* METHANEX CORP - REDUCES 2020 MAINTENANCE CAPITAL SPENDING BY $25 MILLION
* METHANEX CORP - INCREASES FINANCIAL FLEXIBILITY THROUGH $436 MILLION DRAW ON CREDIT
* METHANEX CORP - AS OF TODAY, FOUR OF COMPANY'S OVER 1,500 EMPLOYEES ARE KNOWN TO HAVE CONTRACTED COVID-19
* METHANEX CORP - FULLY DRAWN ON $300 MILLION REVOLVING CREDIT FACILITY, DRAWN $136 MILLION OF $800 MILLION CONSTRUCTION CREDIT FACILITY FOR GEISMAR 3 PROJECT
* METHANEX CORP - COVID-19 HAS NOT DIRECTLY IMPACTED CO'S OPERATIONS OR GLOBAL SUPPLY CHAIN TO DATE
* METHANEX CORP - ANTICIPATE LOWER METHANOL DEMAND IN NEAR-TERM BASED ON REDUCED MANUFACTURING ACTIVITY
* METHANEX CORP - HAVE NOT SEEN A SIGNIFICANT IMPACT ON OUR SALES VOLUME IN Q1 OF 2020 AS A RESULT OF COVID-19