debt
confidence high
sentiment neutral
materiality 0.50
LyondellBasell accepts early tender of ~$1B notes; settles Dec 3
LyondellBasell Industries N.V.
- Validly tendered notes exceeded the $1.0B Waterfall Cap and $225M SubCap; proration applied.
- 5.750% Notes due 2024 accepted at ~43% proration; 3.500% and 3.375% notes fully accepted.
- 1.250% Notes due 2025 accepted at ~1.9% proration; 2.250% Notes due 2030 not accepted.
- Offer yields set at 1.090% (2024), 1.694% (2027), 2.043% (2030), 1.394% (2025).
- No further notes will be accepted after early participation; final settlement date cancelled.