LyondellBasell to price floaters, five tranches of fixed-rate notes

By Marisa Wong

Los Angeles, Oct. 6 – LYB International Finance III, LLC plans to price one tranche of floating-rate notes and five tranches of fixed-rate notes, all guaranteed by LyondellBasell Industries NV, according to a 424B3 filing with the Securities and Exchange Commission.

J.P. Morgan Securities LLC, Barclays, BofA Securities, Inc. and Credit Suisse Securities (USA) LLC are the joint bookrunners.

Proceeds will be used, together with available cash, to help fund the company’s purchase of a 50% interest from Sasol Chemicals (USA) LLC in a newly formed venture that will own plants and infrastructure located in Louisiana; repay a portion of its term loan due 2022; redeem up to $1 billion of its 6% senior notes due 2021; and redeem up to €750 million of its 1.875% guaranteed notes due 2022.

LyondellBasell is a chemical company based in London.

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