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Lyondell Seeks $3.25B for Exit Financing

Chemical company will sell bonds to help finance its exit


By Matthew Sheahan, Leveraged Finance News

March 12, 2010

LyondellBasell is looking to raise $3.25 billion in exit financing through the sale of high-yield debt and a senior term loan, the latest in a wave of bankrupt companies that has raised money via the sale of bonds.

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