LyondellBasell prices $1 billion senior notes due 2021

10:09 PM, 6th November 2011

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.

0 Comments

Your Comments (Up to 2000 characters)

Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Submit

MISSOURI, US: By measuring an element present in fish fossils, researchers at the University of Missouri may have found a key to better understanding ...

‘Artificial leaf’ makes fuel from sunlight

MASSACHUSETTS, US: Researchers led by MIT Professor Daniel Nocera have produced something they’re calling an “artificial leaf”: Like ...

Toyo bags energy optimization project at SABIC

TOKYO, JAPAN: Toyo Engineering Corporation was awarded an energy optimization project for one of Saudi Basic Industries Corporation’s (SABIC) ex ...

Jacobs acquires KlingStubbins in US

PASADENA, US: Jacobs Engineering Group Inc has acquired KlingStubbins in US and Asia. Jacobs’ acquisition of KlingStubbins, which has approximat ...

Clariant opens new headquarters in Singapore

MUTTENZ, SWITZERLAND/SINGAPORE: Clariant announces the opening of its new regional headquarters for South East Asia and Pacific and it’s new Glo ...

Teijin DuPont Films to expand polyester film production in China

TOKYO, JAPAN: Teijin Ltd said that Teijin DuPont Films, a global joint venture partnership with E I du Pont de Nemours and Co, will increase its China ...