Equistar Chemicals calls $300 million each of 10 1/8%, 10 5/8% notes

By Laura Lutz

Des Moines, May 25 - Equistar Chemicals, LP plans to redeem $300 million of its 10 1/8% senior notes due 2008 and $300 million of its 10 5/8% senior notes due 2011.

The notes will be redeemed on June 25.

The company will pay 105.313% of par for the 10 5/8% notes.

The redemption price will be determined on June 22.

Equistar, a Houston-based subsidiary of Lyondell Chemical Co., is a manufacturer of chemicals and polymers.

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