Attached files
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8-K - FORM 8-K - LyondellBasell Industries N.V. | h77830e8vk.htm |
Exhibit 99.1
LYONDELL CHEMICAL COMPANY
NOTICE OF REDEMPTION
November 17, 2010
This notice of redemption (Notice) is being delivered in connection with the
Indenture dated as of April 8, 2010, as supplemented to date (the Indenture), among
LYONDELL CHEMICAL COMPANY, as Issuer (the Issuer) and WILMINGTON TRUST FSB, as Trustee
(the Trustee). I hereby certify that I am an officer of the Issuer as indicated below,
and that I am authorized to execute and deliver this Notice. Unless otherwise defined herein, the
terms used in this Notice have the same meanings as such terms are used in the Indenture.
Pursuant to Section 3.05 of the Indenture, the Issuer hereby gives notice of its intent to
redeem $225,000,000 aggregate principal amount of its $2,250,000,000 8% Senior Secured Dollar
Notes due 2017 (the Dollar Notes) and 37,500,000 aggregate principal amount of its
375,000,000 8% Senior Secured Euro Notes due 2017 (the Euro Notes and, together with
the Dollar Notes, the Notes) in accordance with Article III of the Indenture (the
Redemption).
1. The redemption date is December 17, 2010 (the Redemption Date).
2. The redemption price for the Dollar Notes is 103% per $100,000 principal amount
thereof, plus accrued interest up to, but not including, the Redemption Date in the
amount of $2,300,000. The redemption price for the Euro Notes is 103% per 50,000
principal amount thereof, plus accrued interest up to, but not including, the
Redemption Date in the amount of 383,333.33.
3. The name and address of the U.S. Paying Agent is Deutsche Bank Trust Company
Americas at 100 Plaza One, MS: JYC03-0699, Jersey City, NJ, 07311-3901. The name
and address of the Euro Paying Agent is Deutsche Bank AG, London Branch at 10
Bishops Square, London, E1, 6AO, United Kingdom.
4. The Dollar Notes called for redemption must be surrendered to the U.S. Paying
Agent and the Euro Notes called for redemption must be surrendered to the Euro
Paying Agent to collect the redemption price, plus accrued interest (the
Redemption Payment).
5. The aggregate principal amount of Dollar Notes and Euro Notes to be outstanding
after the Redemption shall be $2,025,000,000 and 337,500,000, respectively.
6. Unless the Issuer defaults in making the Redemption Payment or the Paying Agent
is prohibited from making the Redemption Payment pursuant to the terms of the
Indenture, interest on the Notes called for redemption shall cease to accrue on and
after the Redemption Date.
7. The CUSIP number of the Dollar Notes to be redeemed is 50178T AA5 and the ISIN
number is US50178TAA51. The ISIN numbers of Euro Notes to be redeemed are
XS0498576833 REG S and XS0498579183 144A.
8. No representation is made as to the correctness or accuracy of the CUSIP or ISIN
numbers listed in this Notice or printed on the Notes.
[Remainder of the page left intentionally blank.]
Notice of Redemption
LCC 8% % Senior Secured Notes due 2017
LCC 8% % Senior Secured Notes due 2017
IN WITNESS WHEREOF, the undersigned has caused this Notice to be executed as of the date first
herein written.
LYONDELL CHEMICAL COMPANY |
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By: | /s/ Francesco Svelto | |||
Francesco Svelto | ||||
Vice President and Treasurer | ||||
Notice of Redemption
LCC 8% % Senior Secured Notes due 2017
LCC 8% % Senior Secured Notes due 2017