Restructuring of LyondellBasell debt obligation
March 2010
Deal Size: $2.8bn

LyondellBasell filed a restructuring plan on Monday, rejecting a takeover bid from India’s Reliance Industries that valued the bankrupt petrochemicals firm at $14.5 billion.

As part of its reorganization plan, submitted to a U.S. bankruptcy court, Lyondell will sell 263.9 million Class B shares, mostly through a rights offering backed by private equity firms Apollo Management, Ares Management and Access.

Reuters full article
Deal Categories: Chemicals, Pre-Natrium

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