LyondellBasell prices $1 billion senior notes due 2021

LyondellBasell prices $1 billion senior notes due 2021

10:09 PM, 6th November 2011
LyondellBasell prices $1 billion senior notes due 2021

 

ROTTERDAM, NETHERLANDS: LyondellBasell Industries N V announced that it has priced its previously announced offering of $1billion aggregate principal amount of 6 per cent senior notes due 2021 at an issue price of 100 per cent. LyondellBasell expects the offering to close on November 14, 2011, subject to customary closing conditions.

The company intends to use the net proceeds, together with available cash, to pay a special dividend in the aggregate amount of up to approximately $2.6 billion. 

The notes have not been registered under the securities act or the securities laws of any other jurisdiction and may not be offered or sold in the US without registration under the Securities Act or an applicable exemption from registration requirements. 

(C) WOC News

 

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