LyondellBasell Enters Material Definitive Agreement

TL;DR

LYB inked a new material definitive agreement, expect financial updates.

AI Summary

LyondellBasell Industries N.V. entered into a material definitive agreement on May 29, 2024, related to a direct financial obligation. The company, headquartered in Houston, TX, filed this 8-K report on May 30, 2024, detailing the creation of this obligation.

Why It Matters

This filing indicates a significant new financial commitment or obligation for LyondellBasell, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new financial obligations or risks that may not be immediately apparent.

Key Players & Entities

• LyondellBasell Industries N.V. (company) — Registrant
• May 29, 2024 (date) — Date of earliest event reported
• May 30, 2024 (date) — Date of report
• Houston, TX (location) — Company Business Address

FAQ

Key Financial Figures

• $900 million — ered into an amendment to the Company's $900 million structured accounts receivable receivab

Filing Documents

• lyb-20240529.htm (8-K) — 40KB
• exhibit101_2024may8-k.htm (EX-10.1) — 1160KB
• 0001489393-24-000028.txt ( ) — 1558KB
• lyb-20240529.xsd (EX-101.SCH) — 2KB
• lyb-20240529_def.xml (EX-101.DEF) — 18KB
• lyb-20240529_lab.xml (EX-101.LAB) — 32KB
• lyb-20240529_pre.xml (EX-101.PRE) — 19KB
• lyb-20240529_htm.xml (XML) — 5KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On May 29, 2024, certain subsidiaries of LyondellBasell Industries N.V. (the "Company") entered into an amendment to the Company's $900 million structured accounts receivable receivables facility originated in September 2012 (the "Receivables Facility") pursuant to a Sixth Amendment to Receivables Purchase Agreement, dated as of May 29, 2024, among Lyondell Chemical Company, as servicer, LYB Receivables LLC, a bankruptcy-remote special purpose entity that is a wholly-owned subsidiary of the Company, as seller, the conduit purchasers, related committed purchasers, LC participants and purchaser agents party thereto, the other parties thereto and Mizuho Bank, Ltd., as Administrator and LC Bank (the "RPA Sixth Amendment"). The RPA Sixth Amendment extends the term of the Receivables Facility to June 27, 2025 and makes certain updates with respect to the erroneous payments provisions. No other terms of the Receivables Facility have changed materially. As of May 29, 2024, there were no trade receivable purchases or letters of credit outstanding under the Receivables Facility. A copy of the RPA Sixth Amendment is included in this Form 8-K as Exhibit 10.1 and incorporated herein by reference. The summary description of the RPA Sixth Amendment in this report is qualified in its entirety by reference to Exhibit 10.1. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 above is incorporated by reference in this Item 2.03.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Sixth Amendment to Receivables Purchase Agreement, dated as of May 29, 2024, among Lyondell Chemical Company, as servicer, LYB Receivables LLC, as seller, the conduit purchasers, related committed purchasers, LC participants and purchaser agents party thereto, the other parties thereto and Mizuho Bank, Ltd., as Administrator and LC Bank. 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

SIGNATURES

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: May 30, 2024 By: /s/ Jeffrey A. Kaplan Jeffrey A. Kaplan Executive Vice President and General Counsel

View Full Filing

View this 8-K filing on SEC EDGAR