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UNITED
STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C.
20549
FORM
8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
November 10, 2025
LYONDELLBASELL
INDUSTRIES N.V.
(Exact name of registrant as specified
in its charter)
| The Netherlands |
001-34726 |
98-0646235 |
|
(State or other jurisdiction
of
incorporation) |
(Commission File Number) |
(IRS Employer Identification
No.) |
2800
Post Oak Blvd
Suite
5100
Houston,
Texas
USA
77056 |
|
4th
Floor, One Vine Street
London
W1J0AH
The United
Kingdom |
|
Delftseplein
27E
3013
AA Rotterdam
The Netherlands |
| |
|
(Addresses of principal executive offices)(Zip code) |
|
|
| (713)
309-7200 |
+44
(0)207
220
2600 |
+31
(0)10
275
5500 |
| (Registrant’s telephone numbers, including area codes) |
(Former name or former address, if changed
since last report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
|
Trading symbol(s) |
|
Name of each exchange on which
registered |
| Ordinary Shares, € 0.04
par value |
|
LYB |
|
New York Stock Exchange
|
Indicate by check mark whether the registrant is
an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Item 1.01. | Entry into a Material Definitive Agreement. |
On November 13, 2025, LyondellBasell Industries N.V. (the “Company”)
and its wholly owned subsidiary, LYB International Finance III, LLC (the “Issuer”), completed the underwritten public offering
and sale by the Issuer of $500 million aggregate principal amount of 5.125% Guaranteed Notes due 2031 (the “2031 Notes”) and
$1 billion aggregate principal amount of 5.875% Guaranteed Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes,
the “Notes”). The Notes are fully and unconditionally guaranteed by the Company.
The offering of the Notes was registered under the Securities Act of
1933, as amended (the “Securities Act”), pursuant to the Company’s Registration Statement on Form S-3ASR (Registration
No. 333-283755), and was made pursuant to the prospectus dated December 12, 2024 (the “Base Prospectus”), as supplemented
by the prospectus supplement dated November 10, 2025 relating to the Notes and filed with the Securities and Exchange Commission pursuant
to Rule 424(b) of the Securities Act (together with the Base Prospectus, the “Prospectus”). The Notes were issued under a
base indenture, dated as of October 10, 2019, among the Company, the Issuer and Wells Fargo Bank, National Association, as trustee (the
“Base Indenture”), as supplemented by a supplemental indenture dated May 17, 2023, among the Company, the Issuer, Computershare
Trust Company, N.A., as base trustee (as successor to Wells Fargo Bank, National Association), and The Bank of New York Mellon Trust Company,
N.A., as trustee (the “Supplemental Indenture,” and the Base Indenture as so supplemented, the “Indenture”). The
terms of the Notes and the guarantees by the Company are set forth in an officer’s certificate of the Issuer dated November 13,
2025 delivered pursuant to the Indenture (the “Officer’s Certificate”).
The descriptions of the Notes, the Indenture, and the Officer’s
Certificate are included in the Prospectus and are incorporated herein by reference. The foregoing description of the Indenture is qualified
in its entirety by reference to the full text of the Base Indenture, the Supplemental Indenture and the Officer’s Certificate (including
the forms of the Notes), copies of which are filed as Exhibits 4.1, 4.2 and 4.3, respectively, to this Form 8-K and are incorporated herein
by reference.
| Item 2.03. | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement. |
The information set forth under “Item 1.01. Entry into a Material
Definitive Agreement” is incorporated herein by reference.
On November 10, 2025, the Company and the Issuer entered into an Underwriting
Agreement (the “Underwriting Agreement”) with Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and J.P. Morgan
Securities LLC, as representatives of the several underwriters named therein, relating to the underwritten public offering and sale by
the Issuer of the Notes.
The description above is a summary and is qualified in its entirety
by reference to the Underwriting Agreement, a copy of which is filed as Exhibit 1.1 to this Form 8-K and is incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
Exhibit
Number | |
Description |
| | |
|
| 1.1* | |
Underwriting Agreement dated November 10, 2025 among LyondellBasell Industries N.V., LYB International Finance III, LLC, and Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC, as representatives of the several underwriters named therein. |
| | |
|
| 4.1 | |
Indenture, among LYB International Finance III, LLC, as Issuer, LyondellBasell Industries N.V., as Guarantor, and Wells Fargo Bank, National Association, as Trustee, dated as of October 10, 2019 (incorporated by reference to Exhibit 4.1 to our Current Report on Form 8-K filed with the SEC on October 10, 2019). |
| | |
|
| 4.2 | |
Supplemental Indenture, among LYB International Finance III, LLC, as Issuer, LyondellBasell Industries N.V., as Guarantor, Computershare Trust Company, N.A., as Base Trustee (as successor to Wells Fargo Bank, National Association) and The Bank of New York Mellon Trust Company, N.A., as Trustee, dated as of May 17, 2023 (incorporated by reference to Exhibit 4.44 to Post-Effective Amendment No. 1 to the Registration Statement on Form S-3 (File No. 333-261639) filed with the SEC on May 17, 2023). |
| | |
|
| 4.3* | |
Officer’s Certificate of LYB International Finance III, LLC relating to the 5.125% Guaranteed Notes due 2031 and 5.875% Guaranteed Notes due 2036, dated as of November 13, 2025. |
| | |
|
| 4.4* | |
Form of LYB International Finance III, LLC’s 5.125% Guaranteed Notes due 2031 (included in Exhibit 4.3). |
| | |
|
| 4.5* | |
Form of LYB International Finance III, LLC’s 5.875% Guaranteed Notes due 2036 (included in Exhibit 4.3). |
| | |
|
| 5.1* | |
Legal opinion of Gibson, Dunn & Crutcher LLP. |
| | |
|
| 5.2* | |
Legal opinion of De Brauw Blackstone Westbroek N.V. |
| | |
|
| 8.1* | |
Legal opinion of De Brauw Blackstone Westbroek N.V. |
| | |
|
| 23.1* | |
Consent of Gibson, Dunn & Crutcher LLP (included in Exhibit 5.1). |
| | |
|
| 23.2* | |
Consent of De Brauw Blackstone Westbroek N.V. (included in Exhibits 5.2 and 8.1). |
| | |
|
| 104* | |
The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. |
*Filed herewith
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| |
| |
LYONDELLBASELL INDUSTRIES N.V. |
| |
| Date: November 13, 2025 |
By: |
/s/ Brendan J. Dalton |
| |
Name: |
Brendan J. Dalton |
| |
Title: |
Vice President and Treasurer |