HOUSTON, May 17, 2023
/PRNewswire/ -- LyondellBasell (NYSE: LYB) announced today that LYB
International Finance III, LLC ("LYB International Finance"), its
wholly-owned subsidiary, priced a public offering (the "Offering")
of $500,000,000 aggregate principal
amount of 5.625% Guaranteed Notes due 2033 (the "Notes"). The Notes
will be fully and unconditionally guaranteed by LyondellBasell. The
Offering is expected to close on May 19,
2023, subject to the satisfaction of customary closing
conditions.
The Notes are the first green financing instruments pursuant to
LyondellBasell's Green Financing Framework published on
May 8, 2023. The net proceeds of the
Offering are expected to be used to finance or refinance, in whole
or in part, new and/or existing Eligible Green Projects as set
forth in the preliminary prospectus supplement. Eligible Green
Projects may fall in the following categories:
- Circular economy adapted products, production technologies and
processes;
- Renewable energy;
- Pollution prevention and control; and
- Energy efficiency.
Pending the full allocation of an amount equivalent to the net
proceeds, we may temporarily invest amounts that are not allocated
to Eligible Green Projects in cash or cash equivalents or other
short-term investments, including marketable securities, or the
repayment of debt.
ING Financial Markets LLC and Morgan Stanley & Co. LLC are
acting as the joint book-running managers for the Offering.
The Offering is being made pursuant to an effective shelf
registration statement that was previously filed with the
Securities and Exchange Commission (the "SEC"). A preliminary
prospectus supplement has been filed, and a prospectus supplement
relating to the offering of the Notes will be filed, with the SEC,
to which this communication relates. Prospective investors should
read the preliminary prospectus supplement and the accompanying
prospectus included in the registration statement and other
documents the Company has filed with the SEC relating to the
Offering, copies of which may be obtained for free by visiting
EDGAR on the SEC website at www.sec.gov. Alternatively,
copies of the preliminary prospectus supplement and the
accompanying base prospectus may be obtained by calling ING
Financial Markets LLC at +1 646-424-7913 or Morgan Stanley &
Co. LLC at 1-866-718-1649.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the Notes, nor shall there be any
offer, solicitation or sale of the Notes in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. Any offering of securities will be made only by means
of a prospectus supplement, which will be filed with the SEC.
About LyondellBasell
We are LyondellBasell – a leader in the global chemical industry
creating solutions for everyday sustainable living. Through
advanced technology and focused investments, we are enabling a
circular and low carbon economy. Across all we do, we aim to unlock
value for our customers, investors and society. As one of the
world's largest producers of polymers and a leader in polyolefin
technologies, we develop, manufacture and market high-quality and
innovative products for applications ranging from sustainable
transportation and food safety to clean water and quality
healthcare.
Forward-Looking Statements for LyondellBasell
The statements in this release relating to matters that are not
historical facts are forward-looking statements. Actual results
could differ materially based on factors including, but not limited
to, our ability to meet our sustainability goals, including the
ability to operate safely, increase production of recycled and
renewable-based polymers to meet our targets and forecasts, and
reduce our emissions and achieve net zero emissions by the time set
in our goals; our ability to procure energy from renewable sources;
market conditions; our ability to complete the Offering and apply
the net proceeds as described; and our ability to comply with debt
covenants and to amend, extend, repay, service, and reduce our
debt. Additional factors that could cause results to differ
materially from those described in the forward-looking statements
can be found in the "Risk Factors" section of our Form 10-K for the
year ended December 31, 2022, which
can be found at www.LyondellBasell.com on the Investor Relations
page and on the Securities and Exchange Commission's website at
www.sec.gov.
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SOURCE LyondellBasell