LyondellBasell amends receivables facility: size cut to $700M, term extended to June 2027

LyondellBasell Industries N.V.

Eighth Amendment to Receivables Purchase Agreement reduces maximum from $900M to $700M.
Facility term extended to June 25, 2027 from previous maturity; updates align with revolving credit facility.
As of May 29, 2026, no trade receivable purchases or letters of credit were outstanding.
Amendment also assigns SMBC Nikko's role as Purchaser Agent to Sumitomo Mitsui Banking Corp.
MUFG Bank and Gotham Funding are paid off and removed as parties under a Payoff Letter.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

LyondellBasell Industries N.V. amended Eighth Amendment to Receivables Purchase Agreement with Mizuho Bank, Ltd. valued at $700 million maximum available; term extended to June 25, 2027 (effective 2026-06-26).

Action: amendment
Agreement: credit facility
Counterparty: Mizuho Bank, Ltd.
Value: $700 million maximum available; term extended to June 25, 2027
Effective: 2026-06-26

Exact text from the filing

On May 29, 2026, certain subsidiaries of LyondellBasell Industries N.V. (the “Company”) entered into an amendment to the Company’s structured accounts receivables facility originated in September 2012 (the “Receivables Facility”) pursuant to an Eighth Amendment to Receivables Purchase Agreement, effective as of June 26, 2026, among Lyondell Chemical Company, as servicer, LYB Receivables LLC, a bankruptcy-remote special purpose entity that is a wholly-owned subsidiary of the Company, as seller, the conduit purchasers, related committed purchasers, LC participants and purchaser agents party thereto, the other parties thereto and Mizuho Bank, Ltd., as Administrator and LC Bank (the “RPA Eighth Amendment”).

View on SEC.gov

84 material agreements filed in the last 30 days. Browse all material agreements →

LyondellBasell Industries N.V. filing history →

Source: SEC EDGAR

accession 0001489393-26-000050

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.