LyondellBasell extends most of $2.5 billion facility until 2023

Chicago, Oct. 16 – LyondellBasell Industries NV announced that it entered into a fourth amended and restated agreement on Wednesday regarding its committed facility with Bank of America, NA as administrative agent to extend most of the facility by one year, according to an 8-K filing with the Securities and Exchange Commission.

The company is extending $2.4 billion of the $2.5 billion facility for one year.

Additionally, the amended agreement now includes Libor replacement language.

The agreement took effect on Friday.

LyondellBasell is a chemical company based in London.

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