LyondellBasell Files 8K - Entry Into Definitive Agreement

LyondellBasell Industries N.V. (LYB) filed a Form 8K - Entry Into a Definitive Agreement - with the U.S Securities and Exchange Commission on December 10, 2015.

On December 10, 2015, LyondellBasell Industries N.V. (the "Company") and Wells Fargo Bank, National Association, as trustee, entered into supplemental indentures (the "Supplemental Indentures") respecting amendments (the "Amendments") to the indentures (the "Indentures") governing the Company's outstanding 5.000% Senior Notes due 2019, 6.000% Senior Notes due 2021, and 5.750% Senior Notes due 2024 (collectively, the "Notes") following the Company's receipt of requisite consents of the holders of the Notes pursuant to consent solicitations in respect of the Notes that commenced on December 1, 2015.

Principally, the Amendments to the Indentures eliminate restrictions on debt of certain subsidiaries of the Company and requirements that certain future subsidiaries guarantee the Notes. The Company views these provisions as carryovers or remnants from the period prior to its senior notes achieving investment grade ratings. The Amendments align certain covenants in the Indentures with those in the Company's most recent senior notes indenture, resulting in more consistent covenants across the Company's public debt portfolio and affording the Company greater financial flexibility and easing administration of its public debt portfolio.

The preceding description of the Supplemental Indentures is qualified in its entirety by reference to the Supplemental Indentures, copies of which are attached as Exhibits 4.1 and 4.2 to this Current Report on Form 8-K and are incorporated herein by reference.

The full text of this SEC filing can be retrieved at: http://www.sec.gov/Archives/edgar/data/1489393/000119312515402582/d100929d8k.htm

Any exhibits and associated documents for this SEC filing can be retrieved at: http://www.sec.gov/Archives/edgar/data/1489393/000119312515402582/0001193125-15-402582-index.htm

Public companies must file a Form 8-K, or current report, with the SEC generally within four days of any event that could materially affect a company's financial position or the value of its shares.

(END) Dow Jones Newswires

December 14, 2015 16:49 ET (21:49 GMT)

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