Lyondell to raise $3.25 billion in debt
LyondellBasell said late on Thursday that it plans to raise $3.25 billion in debt, including an offering of senior secured notes, as the chemical company charts its course to emerge out of bankruptcy.
World's third-largest petrochemical maker LyondellBasell, on the brink of bankruptcy, is locked in talks with creditors, two days after a deadline to renegotiate terms of its heavy debt load.