LyondellBasell announces early participation results and accepted amounts for its tender offers
HOUSTON and LONDON (STL.News) LyondellBasell Industries N.V. (“LyondellBasell”) (NYSE: LYB) today announced, in connection with its previously announced five separate offers (each, an “Offer” and, collectively, the “Offers”) to purchase for cash up to $1.0 billion of the outstanding series of notes listed in the table below (collectively, the “Notes”), that the Notes validly tendered and not validly withdrawn at or prior to 5:00 p.m. (Eastern time) on December 1, 2021 (the “Early Participation Date”) that have (i) an Acceptance Priority Level 1 will be accepted for purchase up to the Waterfall SubCap of $225,000,000 in aggregate principal amount of Notes (the “Waterfall SubCap”), using a proration factor of approximately 43.04%, (ii) an Acceptance Priority Level 2 and 3 will be accepted for purchase, (iii) an Acceptance Priority Level 4 will be accepted for purchase up to the Waterfall Cap of $1,000,000,000 in aggregate principal amount of Notes (the “Waterfall Cap”), using a proration factor of approximately 1.91%, and (iv) an Acceptance Priority Level 5 will not be accepted for purchase, in accordance with the terms and subject to the conditions set forth in the Offer to Purchase dated November 17, 2021, relating to the Notes (the “Offer to Purchase”).
LyondellBasell was advised by Global Bondholder Services Corporation, as the Tender Agent and the Information Agent, that as of the Early Participation Date, the aggregate principal amounts of the Notes specified in the table below were validly tendered and not validly withdrawn.
NOTE: This is NOT the complete release. CLICK to view the complete release.