Davis Polk advised the joint book-running managers on an SEC-registered offering by LYB International Finance III, LLC, a wholly owned subsidiary of LyondellBasell Industries N.V., of $500 million aggregate principal amount of its 1.250% guaranteed notes due 2025, $500 million aggregate principal amount of its 2.250% guaranteed notes due 2030, $750 million aggregate principal amount of its 3.375% guaranteed notes due 2040, $1 billion aggregate principal amount of its 3.625% guaranteed notes due 2051, $500 million aggregate principal amount of its 3.800% guaranteed notes due 2060 and $650 million aggregate principal amount of its guaranteed floating-rate notes due 2023. The notes are fully and unconditionally guaranteed by LyondellBasell Industries N.V.

LyondellBasell is one of the largest plastics, chemicals and refining companies in the world. Driven by its employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road, and ensuring the safe and effective functionality in electronics and appliances. LyondellBasell sells products into more than 100 countries and is the world’s largest producer of polymer compounds and the largest licensor of polyolefin technologies. In 2020, LyondellBasell was named for the third consecutive year to Fortune magazine’s list of the “World’s Most Admired Companies.”

The Davis Polk capital markets team included partner Michael Kaplan and associates Jennifer Ying Lan and David Beizer. Partner William A. Curran and associate Shay Moyal provided U.S. tax advice. Counsel Loyti Cheng and associate Alexandra Munson provided environmental advice. All members of the Davis Polk team are based in the New York office.

 

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