LyondellBasell Enters Material Definitive Agreement

TL;DR

LYB signed a big financial deal, details to come.

AI Summary

On July 17, 2024, LyondellBasell Industries N.V. entered into a material definitive agreement related to a direct financial obligation. The specific details of this agreement, including the nature of the obligation and any associated dollar amounts or parties involved, are not fully disclosed in the provided excerpt but are indicated as a key event.

Why It Matters

This filing indicates LyondellBasell has entered into a significant financial agreement, which could impact its financial obligations and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements, especially those creating financial obligations, can carry inherent risks that may affect the company's financial health and operational strategy.

Key Players & Entities

• LyondellBasell Industries N.V. (company) — Registrant
• July 17, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $3.75 billion — estated Credit Agreement provides for a $3.75 billion senior unsecured revolving credit facil
• $3.25 billion — ds and restates the previously reported $3.25 billion five-year credit agreement dated as of

Filing Documents

• lyb-20240717.htm (8-K) — 42KB
• exhibit101_2024jul8-k.htm (EX-10.1) — 1561KB
• lyblogoa.jpg (GRAPHIC) — 9KB
• 0001489393-24-000031.txt ( ) — 2018KB
• lyb-20240717.xsd (EX-101.SCH) — 2KB
• lyb-20240717_def.xml (EX-101.DEF) — 18KB
• lyb-20240717_lab.xml (EX-101.LAB) — 32KB
• lyb-20240717_pre.xml (EX-101.PRE) — 19KB
• lyb-20240717_htm.xml (XML) — 5KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On July 17, 2024, LyondellBasell Industries N.V. (the "Company") and LYB Americas Finance Company LLC (the "Co-Borrower"), a wholly owned subsidiary of the Company, as Borrowers, various institutions as Lenders and L/C Issuers, Citibank, N.A., as Administrative Agent, and Wells Fargo Bank, National Association, as Syndication Agent, entered into a Third Amended and Restated Credit Agreement (the "Amended and Restated Credit Agreement"). The Amended and Restated Credit Agreement provides for a $3.75 billion senior unsecured revolving credit facility that matures on July 17, 2029 and allows for euro and dollar denominated loans to be made to the Company and the Co-Borrower, as well as a sublimit for letters of credit and a sublimit for swing line loans. The Amended and Restated Credit Agreement is maintained for general corporate purposes. The Amended and Restated Credit Agreement amends and restates the previously reported $3.25 billion five-year credit agreement dated as of November 23, 2021 (as amended from time to time, the "Prior Agreement"). Amounts borrowed under the Amended and Restated Credit Agreement are required to be repaid no later than July 17, 2029 unless such date is extended pursuant to the terms of the Amended and Restated Credit Agreement. The Amended and Restated Credit Agreement contains customary representations and warranties of each of the Company and the Co-Borrower. The Amended and Restated Credit Agreement requires the Company to maintain a maximum consolidated leverage ratio and contains certain restrictive covenants regarding additional indebtedness, including secured and subsidiary indebtedness, and mergers and sales of assets. The Amended and Restated Credit Agreement contains customary events of default, including nonpayment of principal when due, nonpayment of interest or other amounts after a customary grace period, violation of covenants (subject, in the case of certain of su

03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement

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.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Third Amended and Restated Credit Agreement, dated July 17, 2024, among LyondellBasell Industries N.V. and LYB Americas Finance Company LLC, as Borrowers, the various institutions from time to time party thereto as Lenders and L/C Issuers, Citibank, N.A., as Administrative Agent, and Wells Fargo Bank, National Association, as Syndication Agent. 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: July 18, 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