HOUSTON, Feb. 26,
2024 /PRNewswire/ -- LyondellBasell (NYSE:
LYB) announced today that LYB International Finance III, LLC,
its wholly-owned subsidiary, priced a public offering (the
"Offering") of $750,000,000 aggregate principal amount of
5.500% Guaranteed Notes due 2034 (the "Notes"). The Notes will be
fully and unconditionally guaranteed by LyondellBasell. The
Offering is expected to close on February 28, 2024, subject to
the satisfaction of customary closing conditions.
The net proceeds of the Offering are expected to be used for
general corporate purposes, which may include the repayment of the
5.75% Senior Notes due 2024 issued by LyondellBasell.
Citigroup Global Markets Inc. and Mizuho Securities USA 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 LyondellBasell 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 Citigroup Global Markets Inc.
at 1-800-831-9146 or Mizuho Securities USA LLC at 1-866-271-7403.
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 (NYSE: LYB) – 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
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, 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, 2023, which can be found
at www.lyondellbasell.com on the Investor Relations page
and on the SEC's website at www.sec.gov.
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SOURCE LyondellBasell