SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 4, 2011
LYONDELLBASELL INDUSTRIES N.V.
(Exact Name of Registrant as Specified in Charter)
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The Netherlands
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001-34726
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98-0646235 |
(State or Other Jurisdiction of Incorporation)
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(Commission File Number)
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(IRS Employer Identification No.) |
Weena 737
3013 AM Rotterdam
The Netherlands
(Address of Principal Executive Offices)
Registrants Telephone number, including area code: 31 10 275 5500
(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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
Item 1.01 Entry into a Material Definitive Agreement; Item 8.01. Other Events.
On November 4, 2011, LyondellBasell Industries N.V. (the Company) entered into a purchase
agreement (the Purchase Agreement) under which the Company agreed to sell $1.0 billion aggregate
principal amount of its 6.0% senior notes due 2021 to Merrill Lynch, Pierce, Fenner & Smith
Incorporated, J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, Barclays Capital
Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., UBS Securities LLC, HSBC
Securities (USA) Inc., ING Financial Markets LLC, Morgan Stanley & Co. LLC, Scotia Capital (USA)
Inc. and UniCredit Capital Markets LLC (collectively, the Initial Purchasers).
The Company expects the offering to close on or about November 14, 2011, subject to customary
closing conditions. The Company intends to use the net proceeds from the offering of the notes,
together with available cash, to pay a special dividend in the aggregate amount of up to
approximately $2.6 billion. The notes will be guaranteed on a senior basis by, subject to certain
exceptions, each existing and future wholly owned U.S. subsidiary of the Company that is an issuer
or co-issuer in respect of, or guarantees, any debt securities issued in the capital markets by the
Company or any subsidiary.
The Company will sell the notes to the Initial Purchasers in reliance on the exemption from
registration provided by Section 4(2) of the Securities Act of 1933, as amended (the Securities
Act). The Initial Purchasers will then sell the Notes to (i) qualified institutional buyers
pursuant to the exemption from registration provided by Rule 144A or (ii) pursuant to Regulation S
under the Securities Act. The Company will rely on these exemptions from registration based in part
on representations made by the Initial Purchasers in the Purchase Agreement.
The notes have not been registered under the Securities Act or the securities laws of any
other jurisdiction and may not be offered or sold in the United States without registration under
the Securities Act or an applicable exemption from registration requirements. This announcement
does not constitute an offer to sell, or the solicitation of an offer to buy, any securities and
shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
On November 4, 2011, the Company issued a press release announcing that it had commenced the
offering of the notes. The press release is attached hereto as Exhibit 99.1 and is incorporated by
reference. Also on November 4, 2011, the Company issued a press release announcing that it had
priced the notes. The press release is attached hereto as Exhibit 99.2 and is incorporated by
reference.
Item 9.01. Financial Statements and Exhibits.
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(d) |
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Exhibits |
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99.1 |
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Press Release dated November 4, 2011. |
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99.2 |
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Press Release dated November 4, 2011. |