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LyondellBasell logoLyondellBasell LYB

The company said it and its wholly owned subsidiary, LYB International Finance III, LLC, completed the public offering of $750 million in 5.500% Guaranteed Notes due 2034 on February 28, 2024. LyondellBasell fully and unconditionally guarantees the notes.

8-KEntry into a Material Definitive AgreementFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it and its wholly owned subsidiary, LYB International Finance III, LLC, completed the public offering of $750 million in 5.500% Guaranteed Notes due 2034 on February 28, 2024. LyondellBasell fully and unconditionally guarantees the notes.

  2. The company said it gave notice on February 26, 2024 that it will redeem all of its outstanding 5.750% Senior Notes due 2024 on March 27, 2024. The redemption price is 100% of the principal amount, plus accrued and unpaid interest.

  3. LyondellBasell said that on February 26, 2024 it entered into an Underwriting Agreement with Citigroup Global Markets Inc. and Mizuho Securities USA LLC as representatives of the underwriters. The offering was conducted under a Form S-3ASR registration statement and a prospectus supplement dated February 26, 2024.

  4. The company said the notes were issued under a base indenture dated October 10, 2019 and a supplemental indenture dated May 17, 2023. The terms of the notes and the guarantee are set out in an officer’s certificate of the issuer dated February 28, 2024.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

$750 million 5.500% Guaranteed Notes due 2034 Issued

The company said it and its wholly owned subsidiary, LYB International Finance III, LLC, completed the public offering of $750 million in 5.500% Guaranteed Notes due 2034 on February 28, 2024. LyondellBasell fully and unconditionally guarantees the notes.

Source · Based on the filing body and exhibits

5.750% Senior Notes due 2024 Called for Full Redemption

The company said it gave notice on February 26, 2024 that it will redeem all of its outstanding 5.750% Senior Notes due 2024 on March 27, 2024. The redemption price is 100% of the principal amount, plus accrued and unpaid interest.

Source · Based on the filing body and exhibits

Underwriting Agreement and Securities Registration Basis

LyondellBasell said that on February 26, 2024 it entered into an Underwriting Agreement with Citigroup Global Markets Inc. and Mizuho Securities USA LLC as representatives of the underwriters. The offering was conducted under a Form S-3ASR registration statement and a prospectus supplement dated February 26, 2024.

Source · Based on the filing body and exhibits

Indentures and Officer’s Certificate Governing the Notes

The company said the notes were issued under a base indenture dated October 10, 2019 and a supplemental indenture dated May 17, 2023. The terms of the notes and the guarantee are set out in an officer’s certificate of the issuer dated February 28, 2024.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.