LyondellBasell Prices Public Offering of Senior Notes
OREANDA-NEWS. LyondellBasell Industries N.V. (NYSE: LYB) today announced that it priced its public offering of \$1.0 billion aggregate principal amount of 4.625% Senior Notes due 2055 (the "Notes"). The offering is expected to close on March 5, 2015, subject to customary closing conditions. The proceeds of the offering are expected to be used for general corporate purposes, including repurchases of LyondellBasell Industries' ordinary shares.
Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are the active joint book-running managers for this offering.
An automatic shelf registration statement relating to the Notes was previously filed with the Securities and Exchange Commission and became effective upon filing. Before you invest, you should read the prospectus in the registration statement and other documents the Company has filed with the SEC for more complete information about the Company and the offering.
LyondellBasell (NYSE: LYB) is one of the world's largest plastics, chemical and refining companies. LyondellBasell manufactures products at more than 55 sites in 18 countries. LyondellBasell products and technologies are used to make items that improve the quality of life for people around the world including packaging, electronics, automotive parts, home furnishings, construction materials and biofuels.