LyondellBasell to redeem 10% of its 8% secured dollar and euro notes

By Devika Patel

Knoxville, Tenn., Nov. 17 - LyondellBasell said it will redeem $225 million, or 10%, of its 8% senior secured dollar notes and €37.5 million, or 10%, of its 8% senior secured euro notes due 2017 by the end of the year.

The company also plans to pay down its $500 million senior term loan facility by the end of 2010.

LyondellBasell is a plastics, chemical and refining company based in Rotterdam, the Netherlands.

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