debt
confidence high
sentiment neutral
materiality 0.65
LyondellBasell amends credit facility; raises leverage cap to 4.50x, curbs dividends and buybacks
LyondellBasell Industries N.V.
- Maximum Leverage Ratio raised to 4.50x through June 2027 from 3.50x, stepping down to 4.00x by Dec 2027.
- Dividend increases prohibited unless leverage ≤ 4.00x; share repurchases limited to offset dilution.
- Amendment references a European Asset Sale to AEQ Amethyst B.V. per June 5, 2025 Put Option Letter Agreement.
- Lenders receive a 0.025% amendment fee; Covenant Relief Period runs through Dec 31, 2027.
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