Lyondell Chemical calls additional $100 million 9 7/8% series B notes

By Caroline Salls

Pittsburgh, Nov. 22 - Lyondell Chemical Co. will redeem an additional $100 million of its 9 7/8% series B senior secured notes due 2007 on Dec. 22 at a price of 104.938% of par, according to a company news release.

With this redemption, Lyondell has called a total of $300 million of its debt since resuming its debt reduction plan in August.

Lyondell is a Houston-based producer of propylene oxide derivatives.

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