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(PRNewswire)
-- LyondellBasell Industries N.V. today announced that it is planning to
issue an aggregate principal amount of up to $1.0 billion of senior notes due
2021 (the "notes") to qualified institutional buyers in accordance with Rule
144A under the Securities Act of 1933, as amended (the "Securities Act") and to
certain non-United States persons in offshore transactions in accordance with
Regulation S under the Securities Act.
LyondellBasell intends to use the net proceeds from the offering of the
notes, together with available cash, to pay a special dividend in the aggregate
amount of up to approximately $2.6 billion. The notes are expected to be
guaranteed on a senior basis by, subject to certain exceptions, each existing
and future wholly owned United States subsidiary of the Company that is an
issuer or co-issuer in respect of, or guarantees, any debt securities issued in
the capital markets by the Company or any subsidiary.
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