LyondellBasell offers guaranteed notes to fund notes redemption

By Devika Patel

Knoxville, Tenn., Feb. 21 – LyondellBasell Industries NV intends to offer guaranteed fixed-rate notes, according a 424B3 filing with the Securities and Exchange Commission.

The notes will be sold through the company’s LYB International Finance II BV subsidiary and guaranteed by the parent.

The notes will have a make-whole call and then are callable at par.

J.P. Morgan Securities LLC, BofA Merrill Lynch, Deutsche Bank Securities Inc. and HSBC Securities (USA) Inc. are the joint bookrunners.

Proceeds will be used redeem or repay $1 billion of the company’s 5% senior notes due April 15, 2019.

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

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