HOUSTON and LONDON, Feb. 21,
2017 /PRNewswire/ -- LyondellBasell Industries N.V. (NYSE:
LYB) ("LyondellBasell" or the "Company") announced today that LYB
International Finance II B.V., its wholly-owned subsidiary, priced
its public offering of $1 billion
aggregate principal amount of 3.500% Guaranteed Notes due 2027 (the
"Notes"). The Notes will be fully and unconditionally guaranteed by
LyondellBasell. The offering is expected to close on March 2, 2017, subject to customary closing
conditions. The proceeds of the offering, together with
available cash from our balance sheet, are expected to be used to
redeem or repay $1 billion aggregate
principal amount of LyondellBasell's 5.0% Senior Notes due
2019.
J.P. Morgan, BofA Merrill Lynch, Deutsche Bank Securities and
HSBC are the active joint book-running managers for this
offering.
An automatic shelf registration statement (including a
prospectus) relating to the Notes was previously filed with the
Securities and Exchange Commission (the "SEC") and became effective
upon filing. Before you invest, you should read the
prospectus in the registration statement and other documents the
Company has filed with the SEC for more complete information about
the Company and the offering. You may get these documents for
free by visiting EDGAR on the SEC website at www.sec.gov.
Alternatively, the issuer, any underwriter or any dealer
participating in the offering will arrange to send you the
prospectus and the related prospectus supplement if you request it
by calling J.P. Morgan toll-free at (866) 803-9204, BofA Merrill
Lynch toll-free at (800) 294-1322, Deutsche Bank Securities
toll-free at (800) 503-4611 or HSBC toll-free at (866)
811-8049.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of any
of the securities 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.
About LyondellBasell
LyondellBasell (NYSE: LYB) is one
of the world's largest plastics, chemical and refining companies
and a member of the S&P 500. LyondellBasell (www.lyb.com)
products and technologies are used to make items that improve the
quality of life for people around the world including packaging,
electronics, automotive parts, home furnishings, construction
materials and biofuels.
Cautionary Statement
The statements in this release
relating to matters that are not historical facts are
forward-looking statements. These forward-looking statements are
based upon assumptions of management which are believed to be
reasonable at the time made and are subject to significant risks
and uncertainties. Cautionary statements identifying important
factors, but not necessarily all factors, that could cause actual
results to differ materially from those set forth in the
forward-looking statements have been included in the Form 10-K of
LyondellBasell Industries N.V. for the year ended December 31, 2016, and in subsequent filings for
LyondellBasell.
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SOURCE LyondellBasell Industries