IHS Chemical Week

World News and Views :: Top of the News

Owner Denies LyondellBasell Request for Credit Extension

3:44 AM MST | January 6, 2009 |

CW Staff

LyondellBasell Industries said that a demand for a credit extension by its Lyondell Chemical subsidiary under a revolving credit agreement with an entity controlled by its owner Access Industries was denied last week. The company reported last week that it was considering a bankruptcy filing as it seeks to restructure its debt load.   "We disagree with the basis for this denial," Lyondell said in a regulatory filing on December 31. LyondellBasell has entered into an agreement to postpone payment of $281 million in fees and interest related to a...

Access is for Chemweek 24/7 PLUS Members ONLY

This information is only available to Chemweek 24/7 PLUS members who have subscribed to Chemweek’s Business Daily. If you are a member, please log in, OR if you have a trial membership, please use your trial membership account information. 

Username:
Password:

Forgot your user ID or password? Click here to have it sent to you.













 
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