IHS Chemical Week

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?
Click here to have it sent to you.

Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.


contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa