LyondellBasell begins tender offers for $1 billion from five notes

Chicago, Nov. 17 – LyondellBasell Industries NV commenced tender offers for up to $1 billion of notes from five series on Wednesday, according to a press release.

The waterfall offer involves the following notes, listed by acceptance priority level:

• $1 billion outstanding 5.75% senior notes due 2024 (Cusips: 552081AK7, 552081AH4) issued by LyondelBasell to be priced using the 0.75% U.S. Treasury due Nov. 15, 2024 plus 20 basis points, with the series subject to the only subcap of $225 million;

• $1 billion outstanding 3.5% guaranteed notes due 2027 (Cusip: 50247WAB3) issued by LYB International Finance II BV with pricing based on the 1.125% U.S. Treasury due Oct. 31, 2026 plus 50 bps;

• $500 million outstanding 3.375% guaranteed notes due 2030 (Cusip: 50249AAC7) issued by LYB International Finance III BV with pricing based on the 1.375% U.S. Treasury due Nov. 15, 2031 plus 60 bps;

• $500 million outstanding 1.25% guaranteed notes due 2025 (Cusip: 50249AAF0) issued by LYB International Finance III with pricing to be based on the 1.125% U.S. Treasury due Oct. 31, 2026 plus 20 bps; and

• $500 million outstanding 2.25% guaranteed notes due 2030 (Cusip: 50249AAG8) issued by LYB International Finance III with pricing to be based on the 1.375% U.S. Treasury due Nov. 15, 2031 plus 65 bps.

All of the tender considerations will include a $30 early participation payment for noteholders who tender by the early deadline, 5 p.m. ET on Dec. 1.

The early deadline is also the withdrawal deadline.

Tender considerations will be determined at 10 a.m. ET on Dec. 2.

Early settlement is expected for Dec. 3.

The expiration date is 11:59 p.m. ET on Dec. 15.

Final settlement is planned for Dec. 17.

Tenders may be subject to proration.

Deutsche Bank Securities Inc. (866 627-0391, 212 250-2955) and Wells Fargo Securities, LLC (866 309-6316, 704 410-4756, LiabilityManagement@wellsfargo.com) are the lead dealer managers.

Morgan Stanley & Co. LLC and MUFG Securities America Inc. are the co-dealer managers.

Global Bondholder Services Corp. (866 470-3800, 212 430-3774, https://www.gbsc-usa.com/LyondellBasell/) is the tender agent and the information agent.

LyondellBasell is a chemical company based in Houston.

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