HOUSTON and LONDON, Feb. 21, 2017 /PRNewswire/ -- LyondellBasell Industries N.V. (LYB) ("LyondellBasell" or the "Company") announced today that LYB International Finance II B.V., its wholly-owned subsidiary, priced its public offering of $1 billion aggregate principal amount of 3.500% Guaranteed Notes due 2027 (the "Notes"). The Notes will be fully and unconditionally guaranteed by LyondellBasell. The offering is expected to close on March 2, 2017, subject to customary closing conditions. The proceeds of the offering, together with available cash from our balance sheet, are expected to be used to redeem or repay $1 billion aggregate principal amount of LyondellBasell's 5.0% Senior Notes due 2019.
J.P. Morgan, BofA Merrill Lynch, Deutsche Bank Securities and HSBC are the active joint book-running managers for this offering.
An automatic shelf registration statement (including a prospectus) relating to the Notes was previously filed with the Securities and Exchange Commission (the "SEC") 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 J.P. Morgan toll-free at (866) 803-9204, BofA Merrill Lynch toll-free at (800) 294-1322, Deutsche Bank Securities toll-free at (800) 503-4611 or HSBC toll-free at (866) 811-8049.
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.
LyondellBasell (LYB) is one of the world's largest plastics, chemical and refining companies and a member of the S&P 500. LyondellBasell (www.lyb.com) 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.
The statements in this release relating to matters that are not historical facts are forward-looking statements. These forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. 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, 2016, and in subsequent filings for LyondellBasell.
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