New Issue: Lyondell upsizes add-on by $137 million to $337 million, yields 10.004%

By Paul A. Harris

St. Louis, Nov. 25 - Lyondell Chemical Co. upsized to $337 million from $200 million its add-on to its 9½% senior notes due Dec. 15, 2008 and priced it at 97.75 on Monday to yield 10.004%, according to syndicate sources.

Price talk was for a yield in the 10% area.

Credit Suisse First Boston and JP Morgan were joint bookrunners on the Rule 144A deal. Banc of America Securities and Salomon Smith Barney were co-managers.

The original $393 million deal price on Nov. 30, 2001.

Issuer: Lyondell Chemical

Amount:	$337 million (increased from $200 million)
Description of securities:	Add-on to senior notes
Managers:	Credit Suisse First Boston, JP Morgan (joint books)
Co-managers:	Banc of America Securities, Salomon Smith Barney
Maturity:	Dec. 15, 2008
Coupon:	9½%
Price:	97.75
Yield to worst:	10.004%
Price talk:	10% area
Spread:	645 basis points over the 4¾% Treasury due November 2008
Call features:	Callable on Dec. 15, 2005 at 104.75, then at 102.375, declining to par on Dec. 15, 2007 and thereafter
Settlement date:	Dec. 4, 2002
Ratings:	Moody's: Ba3
	Standard & Poor's: BB
Rule 144A Cusip:	552078AS6

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