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 €750 million aggregate principal amount of its 1.875% guaranteed notes due 2022. 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 associate Milson C. Yu. The tax team included partner Michael Mollerus, counsel David Wilson and associates Catherine L. Chu and Dominic Foulkes. Counsel Betty Moy Huber provided environmental advice. Members of the Davis Polk team are based in the New York and London offices.

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