LyondellBasell Prices Public Offering of Senior Notes

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Feb 26, 2015, 08:33 ET

HOUSTON and LONDON, Feb. 26, 2015 /PRNewswire/ -- LyondellBasell Industries N.V. (NYSE: LYB) today announced that it priced its public offering of $1.0 billion aggregate principal amount of 4.625% Senior Notes due 2055 (the "Notes"). The offering is expected to close on March 5, 2015, subject to customary closing conditions. The proceeds of the offering are expected to be used for general corporate purposes, including repurchases of LyondellBasell Industries' ordinary shares.

Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are the active joint book-running managers for this offering.

An automatic shelf registration statement relating to the Notes was previously filed with the Securities and Exchange Commission and became effective upon filing. Before you invest, you should read the prospectus in the registration statement and other documents the Company has filed with the SEC for more complete information about the Company and the offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the related prospectus supplement if you request it by calling Credit Suisse Securities (USA) LLC toll-free at (800) 221-1037, Deutsche Bank Securities Inc. toll-free at (800) 503-4611, J.P. Morgan Securities LLC collect at (212) 834-4533 or Morgan Stanley & Co. LLC toll-free at (866) 718-1649.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. A registration statement (including a prospectus) relating to the securities has been filed with the Securities and Exchange Commission.

Cautionary Statement
This release contains forward-looking statements with respect to the proposed offering. In accordance with "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, cautionary statements identifying important factors, but not necessarily all factors, that could cause actual results to differ materially from those set forth in the forward-looking statements have been included in the Form 10-K of LyondellBasell Industries N.V. for the year ended December 31, 2014, and in subsequent filings for LyondellBasell.

LyondellBasell (NYSE: LYB) is one of the world's largest plastics, chemical and refining companies. LyondellBasell manufactures products at more than 55 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.

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SOURCE LyondellBasell Industries