LyondellBasell Files 8K - Other Events
February 23 2017 - 05:55PM
Dow Jones News
LyondellBasell Industries N.V. (LYB) filed a Form 8K - Other
Events - with the U.S Securities and Exchange Commission on
February 21, 2017.
On February 21, 2017, LyondellBasell Industries N.V. (the
"Company") and its wholly owned subsidiary, LYB International
Finance II B.V. (the "Issuer"), entered into an Underwriting
Agreement (the "Underwriting Agreement") with J.P. Morgan
Securities LLC, Deutsche Bank Securities Inc., HSBC Securities
(USA) Inc. and Merrill Lynch, Pierce, Fenner & Smith
Incorporated, as representatives of the several underwriters named
therein (the "Underwriters"), relating to the underwritten public
offering and sale by the Issuer of $1 billion aggregate principal
amount of 3.500% Guaranteed Notes due 2027 (the "Notes"). The Notes
are fully and unconditionally guaranteed by the Company. The
Underwriting Agreement includes the terms and conditions for the
issuance and sale of the Notes, indemnification and contribution
obligations and other terms and conditions customary in agreements
of this type. The Notes will be issued under an indenture dated as
of March 2, 2016, between the Company, the Issuer and Deutsche Bank
Trust Company Americas, as trustee (the "Indenture"). The terms of
the Notes and the guarantee by the Company will be set forth in an
officer's certificate of the Issuer delivered pursuant to the
Indenture. Closing of the issuance and sale of the Notes is
expected to occur on March 2, 2017, subject to customary closing
conditions.
The Notes are being offered and sold pursuant to an automatic
shelf registration statement the Company filed with the Securities
and Exchange Commission that became effective upon filing on
February 19, 2016 (Registration No. 333- 209612).
On February 21, 2017, the Company provided notice (the "Notice
of Partial Redemption") to Wells Fargo Bank, National Association,
as trustee (the "Trustee"), of its intent to redeem $1billion in
aggregate principal amount of its outstanding 5.0% Senior Notes due
2019 (the "2019 Notes"), pursuant to the Indenture, dated as of
April 9, 2012, as supplemented (the "2012 Indenture"), between the
Company and the Trustee. The Company intends to use the net
proceeds from the sale of the Notes, together with available cash
from its balance sheet, to complete the partial redemption of the
2019 Notes.
The Company will redeem the 2019 Notes on March 24, 2017. The
redemption price of the 2019 Notes is equal to the principal amount
thereof plus accrued and unpaid interest up to, but excluding, the
redemption date, plus an applicable premium in accordance with the
2012 Indenture.
The descriptions above are summaries and are qualified in their
entirety by reference to the Underwriting Agreement and the Notice
of Partial Redemption, copies of which are filed as an Exhibit to
this 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/1489393/000119312517054171/d332648d8k.htm
Any exhibits and associated documents for this SEC filing can be
retrieved at:
http://www.sec.gov/Archives/edgar/data/1489393/000119312517054171/0001193125-17-054171-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
February 23, 2017 17:40 ET (22:40 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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