LyondellBasell prices $1.1B public note offering to repay debts

LyondellBasell Industries NV (NYSE: LYB) is raising billions of dollars through a public note offering to pay off other debts.

LYB International Finance II BV, a wholly owned subsidiary, priced a public offering of about $550.3 million, based on the current conversion rate, aggregate principal amount of 0.875 percent guaranteed notes due 2026 and about $550.3 million aggregate principal amount of 1.625 percent guaranteed notes due 2031, according to a Sept. 10 press release.

The two $550.3 million…

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