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LyondellBasell to sell guaranteed notes due 2049 to help repay loan
By Devika Patel
Knoxville, Tenn., Sept. 26 – LYB International Finance III LLC intends to sell dollar-denominated guaranteed fixed-rate notes due 2049, according a 424B3 filing with the Securities and Exchange Commission.
The notes will have a make-whole call and then are callable at par.
Mizuho Securities USA Inc. and Wells Fargo Securities LLC are the bookrunners.
Proceeds will be used to repay debt under the company’s 364-day term loan.
The notes are guaranteed by parent LyondellBasell Industries NV, a Houston-based chemical company with executive offices in London and incorporated in the Netherlands.
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