01—Abstract
Summary
Summary of the 8-K filed May 15, 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) completed the underwritten public offering and sale of $500 milliona aggregate principal amount of 6.150% Guaranteed Notes due 2035 on May 15, 2025. The Notes are fully and unconditionally guaranteed by LyondellBasell Industries N.V. The offering was registered under the Securities Act of 1933 on Form S-3ASR (Registration 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 were issued under a base indenture dated October 10, 2019, among the Company, the Issuer and Wells Fargo Bank, National Association, as trustee, as supplemented by a supplemental indenture dated May 17, 2023, which names Computershare Trust Company, N.A. as base trustee (as successor to Wells Fargo Bank, National Association) and The Bank of New York Mellon Trust Company, N.A. as trustee. The terms of the Notes and guarantees are set forth in an officer's certificate of the Issuer dated May 15, 2025. The filing reports the debt issuance under Item 1.01 (Entry into a Material Definitive Agreement) and Item 2.03 (Creation of a Direct Financial Obligation), and lists associated exhibits including the indenture documents, the officer's certificate, legal opinions from Gibson, Dunn & Crutcher LLP and De Brauw Blackstone Westbroek N.V., and the Inline XBRL cover page.
02—Key points
Key Highlights
- On May 15, 2025, the Issuer completed the sale of $500 million aggregate principal amount of 6.150% Guaranteed Notes due 2035.
- The Notes are fully and unconditionally guaranteed by LyondellBasell Industries N.V.
- The offering was registered on Form S-3ASR (Registration No. 333-283755) and made under a base prospectus dated December 12, 2024, supplemented by a prospectus supplement dated May 6, 2025.
- The Notes were issued under a base indenture dated October 10, 2019, as supplemented by a supplemental indenture dated May 17, 2023.
- The terms of the Notes and guarantees are set forth in an officer's certificate of the Issuer dated May 15, 2025.
- The filing is reported under Item 1.01 (Material Definitive Agreement) and Item 2.03 (Direct Financial Obligation).
- Exhibits include the indentures, officer's certificate, and legal opinions from Gibson, Dunn & Crutcher LLP and De Brauw Blackstone Westbroek N.V.
03—Questions
Frequently Asked Questions
How much debt did LyondellBasell issue in this offering?
The Issuer, LYB International Finance III, LLC, completed the sale of $500 million aggregate principal amount of 6.150% Guaranteed Notes due 2035.
Who guarantees the Notes?
The Notes are fully and unconditionally guaranteed by LyondellBasell Industries N.V., the parent company.
What is the interest rate and maturity of the Notes?
The Notes carry a 6.150% interest rate and mature in 2035.
Under what documents were the Notes issued?
The Notes were issued under a base indenture dated October 10, 2019, as supplemented by a supplemental indenture dated May 17, 2023, with the terms set forth in an officer's certificate dated May 15, 2025.
Under what registration was the offering made?
The offering was registered on Form S-3ASR (Registration No. 333-283755) and made under a base prospectus dated December 12, 2024, as supplemented by a prospectus supplement dated May 6, 2025.
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