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Prospect News home > News index > List of issuers Tenders > Headlines for 2017 > News item
Published on 2/21/2017 in the Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

LyondellBasell to redeem 5% notes due 2019 with proceeds of new deal

New York, Feb. 21 – LyondellBasell Industries NV plans to redeem its $1 billion of 5% senior notes due 2019 using proceeds from an offering of new notes.

Cash from the company’s balance sheet will also be used to help fund the redemption.

LyondellBasell announced Tuesday morning that it plans to sell an offering of guaranteed notes via subsidiary LYB International Finance II BV.

JPMorgan, BofA Merrill Lynch, Deutsche Bank Securities and HSBC are active bookrunners.

LyondellBasell Industries is a Houston-based chemical company with executive offices in London and incorporated in the Netherlands.


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