01—Abstract
Summary
Summary of the 8-K filed May 7, 2025. Cited figures are marked; the original filing is the authoritative source.
LyondellBasell Industries N.V.
(LYB) and its wholly owned subsidiary, LYB International Finance III, LLC (the Issuer), entered into an Underwriting Agreement dated May 6, 2025 with BofA Securities, Inc. and Wells Fargo Securities, LLC, as representatives of the underwriters, for an underwritten public offering of $500 milliona aggregate principal amount of 6.150% Guaranteed Notes due 2035. The Notes will be fully and unconditionally guaranteed by the Company. Closing is expected on May 15, 2025, subject to customary closing conditions.
The offering was registered under Registration Statement on Form S-3ASR (No. 333-283755) and made under a base prospectus dated December 12, 2024, as supplemented by a prospectus supplement dated May 6, 2025. The Notes will be issued under a base indenture dated October 10, 2019, as supplemented by a supplemental indenture dated May 17, 2023, with Computershare Trust Company, N.A. (as successor base trustee) and The Bank of New York Mellon Trust Company, N.A.
(as trustee). Terms of the Notes and guarantees will be set forth in an officer's certificate dated May 15, 2025.
For investors, the filing is a debt financing disclosure under Item 8.01 rather than a results or operational update. It describes the size, coupon and maturity of the new notes and the guarantee structure, but the filing itself does not discuss use of proceeds or the company's financial condition.
02—Key points
Key Highlights
- Underwritten public offering by LYB International Finance III, LLC of $500 million aggregate principal amount of 6.150% Guaranteed Notes due 2035
- Notes to be fully and unconditionally guaranteed by LyondellBasell Industries N.V.
- Underwriting Agreement dated May 6, 2025 with BofA Securities, Inc. and Wells Fargo Securities, LLC as representatives of the underwriters
- Offering registered on Form S-3ASR (Registration No. 333-283755) and made under a base prospectus dated December 12, 2024 plus a May 6, 2025 prospectus supplement
- Closing expected May 15, 2025, subject to customary closing conditions
- Notes issued under a 2019 base indenture as supplemented in 2023, with Computershare Trust Company, N.A. and The Bank of New York Mellon Trust Company, N.A. as trustees
- Terms to be set out in an officer's certificate dated May 15, 2025
03—Questions
Frequently Asked Questions
How much debt is being issued and on what terms?
The offering is $500 million aggregate principal amount of 6.150% Guaranteed Notes due 2035, issued by LYB International Finance III, LLC and guaranteed by LyondellBasell Industries N.V.
Who is guaranteeing the notes?
The notes will be fully and unconditionally guaranteed by LyondellBasell Industries N.V., the parent company.
When is the offering expected to close?
The closing is expected on May 15, 2025, subject to customary closing conditions.
Under what documents are the notes issued?
The notes will be issued under a base indenture dated October 10, 2019, as supplemented by a supplemental indenture dated May 17, 2023. The detailed terms will be set forth in an officer's certificate dated May 15, 2025, and the descriptions are incorporated by reference from the prospectus.
Who are the underwriters for the offering?
BofA Securities, Inc. and Wells Fargo Securities, LLC are the representatives of the several underwriters named in the Underwriting Agreement dated May 6, 2025.
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