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.

 

 

If you are not yet a subscriber and would like to access the turnkey information found only in Chemweek’s Business Daily, subscribe now and you’ll get the most important news of the chemical industry delivered directly to your inbox—every day.

Sign up for a FREE 15-day trial of IHS Chemical Week Business Daily













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

ihsCopyright © 2014 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