HOUSTON and LONDON, Sept. 26,
2019 /PRNewswire/ -- LyondellBasell Industries N.V. (NYSE:
LYB) ("LyondellBasell") announced today that LYB International
Finance III, LLC, its wholly-owned subsidiary, priced a public
offering (the "Offering") of $1
billion aggregate principal amount of 4.200% Guaranteed
Notes due 2049 (the "Notes"). The Notes will be fully and
unconditionally guaranteed by LyondellBasell. The Offering is
expected to close on October 10,
2019, subject to the satisfaction of customary closing
conditions. The net proceeds of the Offering are expected to be
used to repay a portion of the indebtedness outstanding under
LyondellBasell's 364-day, $2,000
million senior unsecured term loan facility.
Mizuho Securities USA LLC and
Wells Fargo Securities, 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 (SEC). Copies of the preliminary
prospectus supplement and the accompanying base prospectus relating
to the Offering 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 Mizuho Securities
USA LLC toll-free at
1-866-271-7406 or Wells Fargo Securities, LLC toll-free
at 1-800-645-3751.
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.
About LyondellBasell
LyondellBasell (NYSE: LYB)
is one of the largest plastics, chemicals and refining companies in
the world. Driven by its employees around the globe, LyondellBasell
produces materials and products that are key to advancing solutions
to modern challenges like enhancing food safety through lightweight
and flexible packaging, protecting the purity of water supplies
through stronger and more versatile pipes, improving the safety,
comfort and fuel efficiency of many of the cars and trucks on the
road, and ensuring the safe and effective functionality in
electronics and appliances. LyondellBasell sells products into more
than 100 countries and is the world's largest producer of polymer
compounds and the largest licensor of polyolefin technologies. In
2019, LyondellBasell was named to Fortune magazine's list of the
"World's Most Admired Companies." More information about
LyondellBasell can be found at www.LyondellBasell.com.
Forward-Looking Statements
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. Actual results could differ materially based on
factors including, but not limited to: the business cyclicality of
the chemical, polymers and refining industries; the availability,
cost and price volatility of raw materials and utilities,
particularly the cost of oil, natural gas, and associated natural
gas liquids; competitive product and pricing pressures; labor
conditions; LyondellBasell's ability to attract and retain key
personnel; operating interruptions (including leaks, explosions,
fires, weather-related incidents, mechanical failure, unscheduled
downtime, supplier disruptions, labor shortages, strikes, work
stoppages or other labor difficulties, transportation
interruptions, spills and releases and other environmental risks);
the supply/demand balances for LyondellBasell's and
LyondellBasell's joint ventures' products, and the related effects
of industry production capacities and operating rates;
LyondellBasell's ability to achieve expected cost savings and other
synergies; LyondellBasell's ability to successfully execute
projects and growth strategies; any proposed business combination,
the expected timetable for completing any proposed transactions and
the receipt of any required governmental approvals, future
financial and operating results, benefits and synergies of any
proposed transactions and future opportunities for the combined
company; legal and environmental proceedings; tax rulings,
consequences or proceedings; technological developments, and
LyondellBasell's ability to develop new products and process
technologies; potential governmental regulatory actions; political
unrest and terrorist acts; risks and uncertainties posed by
international operations, including foreign currency fluctuations;
and LyondellBasell's ability to comply with debt covenants and
service LyondellBasell's 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 the preliminary prospectus supplement and the accompany
base prospectus and in LyondellBasell's Form 10-K for the year
ended December 31, 2018, which can be
found on the SEC's website at www.sec.gov.
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SOURCE LyondellBasell Industries