LyondellBasell prices public offering of guaranteed notes

Rhea-AI Summary

LyondellBasell (NYSE: LYB) priced a public offering by LYB International Finance III of $500 million 5.125% Guaranteed Notes due 2031 and $1.0 billion 5.875% Guaranteed Notes due 2036, fully and unconditionally guaranteed by LyondellBasell.

The Offering is expected to close on November 13, 2025, subject to customary closing conditions. Net proceeds are expected to be used for general corporate purposes and may include repayment of certain guaranteed notes due in 2026 and 2027. Joint book‑running managers are Citigroup, Deutsche Bank and J.P. Morgan. The offering is made under an effective shelf registration and prospectus supplements will be filed with the SEC.

Positive

• Raises $1.5 billion principal through two note tranches
• Notes are fully guaranteed by LyondellBasell
• Maturities extend debt profile to 2031 and 2036
• Proceeds may repay notes maturing in 2026–2027

Negative

• Adds $1.5 billion of new outstanding debt principal
• Fixed coupons of 5.125% and 5.875% increase interest obligations

Insights

Credit Strategist

LyondellBasell sold $1.5 billion of guaranteed notes across two maturities at fixed coupons to fund general corporate uses.

The company issued LyondellBasell guaranteed notes totaling $1,500,000,000: $500,000,000 due 2031 at 5.125% and $1,000,000,000 due 2036 at 5.875%.

This increases funded debt but extends maturities to 2031 and 2036. The proceeds may repay notes maturing in 2026 and 2027

Watch the closing on November 13, 2025 and the prospectus supplement for final use-of-proceeds and covenant details. Within the next 30–90 days, monitor whether proceeds fund the announced repayments and the company’s stated debt schedule.

Corporate Finance Analyst

The offering raises liquidity and locks in fixed-rate funding across medium and long terms.

The notes are fully and unconditionally guaranteed by LyondellBasell, and the deal is managed by major banks as joint book-runners. The filing sits on an effective shelf registration and a prospectus supplement will be filed.

Primary risk drivers are final pricing details in the prospectus and how management allocates proceeds. Key items to watch in the prospectus supplement are exact net proceeds, covenant terms, and confirmation of repayments for notes due in 2026 and 2027. Expect clarity by the closing date, November 13, 2025.

Houston, Nov. 10, 2025 (GLOBE NEWSWIRE) -- LyondellBasell (NYSE: LYB) announced today that LYB International Finance III, LLC, its wholly-owned subsidiary, priced a public offering (the “Offering”) of $500,000,000 aggregate principal amount of 5.125% Guaranteed Notes due 2031 (the “2031 Notes”) and $1,000,000,000 aggregate principal amount of 5.875% Guaranteed Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Notes”). The Notes will be fully and unconditionally guaranteed by LyondellBasell. The Offering is expected to close on November 13, 2025, subject to the satisfaction of customary closing conditions.

The net proceeds of the Offering are expected to be used for general corporate purposes, which may include the repayment of certain of our guaranteed Notes due in 2026 and 2027.

Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC are acting as the joint book-running managers for the Offering.

The Offering is being made pursuant to an effective shelf registration statement that was previously filed with the Securities and Exchange Commission (the “SEC”). A preliminary prospectus supplement has been filed, and a prospectus supplement relating to the Offering will be filed, with the SEC, to which this communication relates. Prospective investors should read the preliminary prospectus supplement and the accompanying prospectus included in the registration statement and other documents LyondellBasell has filed with the SEC relating to the Offering, copies of which may be obtained for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies of the preliminary prospectus supplement and the accompanying base prospectus may be obtained by calling Citigroup Global Markets Inc. at 1-800-831-9146, Deutsche Bank Securities Inc. at 1-800-503-4611 or J.P. Morgan Securities LLC at 1-212-834-4533.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any offer, solicitation or sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offering of securities will be made only by means of a prospectus supplement, which will be filed with the SEC.

About LyondellBasell

We are LyondellBasell (NYSE: LYB) – a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors and society. As one of the world’s largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare.

Forward-Looking Statements

The statements in this release relating to matters that are not historical facts are forward-looking statements. Actual results could differ materially based on factors including, but not limited to, market conditions; our ability to complete the Offering and apply the net proceeds as described; and our ability to comply with debt covenants and to amend, extend, repay, service, and reduce our debt. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the “Risk Factors” section of our Form 10-K for the year ended December 31, 2024, which can be found at www.lyondellbasell.com on the Investors page and on the SEC’s website at www.sec.gov.

Nick Facchin
LyondellBasell
713-623-3643
nick.facchin@lyondellbasell.com

FAQ

What did LyondellBasell (LYB) announce on November 10, 2025?

LYB priced $500M 5.125% notes due 2031 and $1.0B 5.875% notes due 2036, expected to close Nov 13, 2025.

How will LYB use the proceeds from the $1.5 billion offering?

Net proceeds are expected for general corporate purposes and may include repaying guaranteed notes due in 2026 and 2027.

Who are the joint book‑running managers for LYB's note offering?

Citigroup Global Markets, Deutsche Bank Securities and J.P. Morgan Securities are joint book‑running managers.

Are the new LYB notes guaranteed and how long do they mature?

Yes; the notes are fully and unconditionally guaranteed by LyondellBasell and mature in 2031 and 2036.

Where can investors find the LYB prospectus supplement for the offering?

Prospectus supplements will be filed with the SEC and are available on www.sec.gov or via the listed book‑runners.