London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950
info@mrcplast.com

Our Clients

Order Informer

 
Home > News >
 

Lyondell seeks a 6 week extension of its bankruptcy loan

August 07/2009

August 7, (plastemart.com) -- As Lyondell Chemical Co contends with a lawsuit brought by a creditors committee, it has sought a six-week extension of its bankruptcy loan until Jan 31.

 

The lawsuit seeks to recover as much as US$22 bln from the banks, advisers and executives who arranged the 2007 leveraged buyout of the company by Basell. Lyondell had received approval in February for a US$8 bln debtor-in-possession financing to help fund operations while it reorganizes in bankruptcy court. Under the terms of the original agreement, the loan matures Dec. 15, 2009.

mrcplast.com
                                                               



      MRC Reference

LyondellBasell.  The share in the Russian market in 2008:
 PE  - 1.4% (including HDPE - 2.5%, LDPE – 0.3%);
 PP – 4.1% (including block-copolymers - 9.5%).

Annual sales growth in Russia, during the recent 5 years:
 PE - 27%;
 PP – 88%.

The leader in the following polymers processing technologies:

 pipe extrusion;

 film extrusion;

 injection molding.



Tags:No
Category:General News
|
| More

Leave a comment

MRC help

 


 All News   News subscribe