IHS Chemical Week

People & Business :: Energy and Feedstocks

Weekly Round-Up, April 9: Reliance on the Shale

2:24 PM MDT | April 9, 2010 | Vincent Valk

India's Reliance Industries, having lost out on LyondellBasell, is staking out a position in the Marcellus Shale. By partnering up with Atlas Energy for $1.7 billion, the Indian company gains a position in the growing natural gas field in the Eastern U.S. "Lite" – it's not just for "beer." LyondellBasell has drawn 'covenant-lite' terms for its post-bankruptcy financing, including a debt issue and a term loan. The financial requirements were removed from the loan and the interest rate on the debt was cut. U.S. EPA is proposing to add 16...

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