Davis Polk advised the joint book-running managers on an SEC-registered offering by LYB International Finance II B.V., a wholly owned subsidiary of LyondellBasell Industries N.V., of $1 billion aggregate principal amount of its 3.500% guaranteed notes due 2027. The notes are fully and unconditionally guaranteed by LyondellBasell Industries N.V.

LyondellBasell is one of the world’s largest independent chemical companies based on revenues and an industry leader in many of its product lines. LyondellBasell is a top worldwide producer of propylene oxide, polyethylene, ethylene and propylene and the world’s largest producer of polypropylene and polypropylene compounds. Additionally, LyondellBasell is a leading provider of technology licenses and a supplier of catalysts for polyolefin production.

The Davis Polk capital markets team included partner Michael Kaplan and associates Milson C. Yu and Stephen A. Byeff. The tax team included partner Michael Mollerus and associate Catherine L. Chu. Counsel Betty Moy Huber and associate Yuko Masunaga provided environmental advice. All members of the Davis Polk team are based in the New York office.

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