LyondellBasell Enters Material Agreement, Incurs New Financial Obligation

TL;DR

**LyondellBasell just took on a new material agreement and financial obligation, signaling potential shifts in their balance sheet.**

AI Summary

LyondellBasell Industries N.V. filed an 8-K on February 28, 2024, reporting an event that occurred on February 26, 2024. The filing indicates the entry into a material definitive agreement and the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement. The specific details of the agreement and financial obligation are not provided in the excerpt, but the company's business address is 1221 McKinney St., Suite 700, Houston, TX 77010.

Why It Matters

This filing signals a significant corporate action for LyondellBasell, potentially impacting its financial structure and future operations through new agreements and obligations.

Risk Assessment

Risk Level: medium — The filing indicates new financial obligations and material agreements without specific details, which could introduce unknown risks or opportunities.

Key Players & Entities

• LyondellBasell Industries N.V. (company) — Registrant
• February 26, 2024 (date) — Date of earliest event reported
• February 28, 2024 (date) — Filing date
• 001-34726 (other) — Commission File Number
• 98-0646235 (other) — IRS Employer Identification No.

FAQ

From the Filing

0001104659-24-028717.txt : 20240228 0001104659-24-028717.hdr.sgml : 20240228 20240228160916 ACCESSION NUMBER: 0001104659-24-028717 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 24 CONFORMED PERIOD OF REPORT: 20240226 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240228 DATE AS OF CHANGE: 20240228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LyondellBasell Industries N.V. CENTRAL INDEX KEY: 0001489393 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL ORGANIC CHEMICALS [2860] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 980646235 STATE OF INCORPORATION: P7 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34726 FILM NUMBER: 24695384 BUSINESS ADDRESS: STREET 1: 1221 MCKINNEY ST STREET 2: SUITE 700 CITY: HOUSTON STATE: TX ZIP: 77010 BUSINESS PHONE: 713-309-7603 MAIL ADDRESS: STREET 1: 1221 MCKINNEY ST STREET 2: SUITE 700 CITY: HOUSTON STATE: TX ZIP: 77010 8-K 1 tm247352d1_8k.htm FORM 8-K false 0001489393 0001489393 2024-02-26 2024-02-26 0001489393 country:GB 2024-02-26 2024-02-26 0001489393 country:NL 2024-02-26 2024-02-26 iso4217:USD xbrli:shares iso4217:USD xbrli:shares     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): February 26, 2024   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.)     1221 McKinney St. Suite 300 Houston , Texas USA 77010     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. ¨           &#160