LyondellBasell Announces Senior Notes Offering
ROTTERDAM, Netherlands, Nov. 4, 2011 /PRNewswire via COMTEX/ -- LyondellBasell
Industries N.V. (LYB) 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 (the "Company") 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.
The notes have not been registered under the Securities Act or the securities
laws of any other jurisdiction and may not be offered or sold in the United
States without registration under the Securities Act or an applicable exemption
from registration requirements. This announcement does not constitute an offer to
sell, or the solicitation of an offer to buy, any securities and shall not
constitute an offer, solicitation or sale in any jurisdiction in which such
offer, solicitation or sale would be unlawful.
LyondellBasell (LYB) is one of the world's largest plastics, chemical and
refining companies. The company manufactures products at 58 sites in 18
countries. LyondellBasell products and technologies are used to make items that
improve the quality of life for people around the world including packaging,
electronics, automotive parts, home furnishings, construction materials and
biofuels. More information about LyondellBasell can be found at
lyondellbasell.com.
This press release contains forward-looking statements as defined in the Private
Securities Litigation Reform Act of 1995. Forward-looking statements are
information of a non-historical nature or which relate to future events and are
subject to risks and uncertainties. In many cases, you can identify
forward-looking statements by terminology such as "may," "will," "should,"
"expects," "plans," "anticipates," "believes," "estimates," "predicts,"
"potential," or "continue," or the negative of these terms and other comparable
terminology. These statements are only predictions. Actual results could differ
materially from those anticipated in these forward-looking statements as a result
of a number of factors. The forward-looking statements made in this press release
relate only to events as of the date of this release. We undertake no ongoing
obligation to update these statements.
Media Contact:David A. Harpole +1 713-309-4125
Investor Contact: Douglas J. Pike +1 713-309-7141 |
