in this issue
World News and Views :: Top of the News
LyondellBasell Postpones Payment to Lenders, Plans Debt Restructuring
December 30, 2008
LyondellBasell has reached an agreement with lenders to postpone payment of $160 million in fees related to a bridge loan that were due December 19, and is working with "lenders on an extension of payment dates and the restructuring of its debt obligations." The company disclosed the postponement and negotiations with lenders in regulatory filings yesterday. The lead arrangers on the bridge loan included Merrill Lynch, Goldman Sachs, Citigroup, ABN Amro, and UBS. LyondellBasell has retained Evercore Partners as financial advisor and Alix Partners as...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee