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LyondellBasell to issue an aggregate principal amount of up to $1.0 billion of senior notes due 2021

November 04/2011

(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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