LyondellBasell Industries NV filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits
$LYB
Major Chemicals
Industrials
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 10, 2025
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Item 1.01 Entry into a Material Definitive Agreement.
On September 10, 2025, LyondellBasell Industries N.V. (the “Company”), LYB Americas Finance Company LLC, a wholly-owned subsidiary of the Company (“LYB Americas Finance”), Citibank, N.A., as administrative agent, and various financial institutions, as lenders, entered into Amendment No. 1 (the “Amendment”) to the Third Amended and Restated Credit Agreement dated as of July 17, 2024 (as amended, the “Credit Agreement”).
The Amendment primarily increases the Maximum Leverage Ratio (as defined in the Credit Agreement) through 2027 unless the Company elects to terminate such provisions sooner. In connection with the increase, the Company is subject to certain additional limitations, including restrictions on dividend increases and share repurchases (other than to offset dilution).
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 hereto.
Additionally, the modification to the Maximum Leverage Ratio is incorporated into the Company’s $900 million structured accounts receivable receivables facility originated in September 2012 (as previously amended, the “Receivables Facility”) among Lyondell Chemical Company, as servicer, LYB Receivables LLC, a bankruptcy-remote special purpose entity that is a wholly-owned subsidiary of the Company, as seller, the conduit purchasers, related committed purchasers, LC participants and purchaser agents party thereto, the other parties thereto and Mizuho Bank, Ltd., as Administrator and LC Bank, pursuant to Section 5.1 (Amendments, Etc.) of the Receivables Facility.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.
The information set forth under “Item 1.01. Entry into a Material Definitive Agreement” is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit Number | Description | |||||||
| 10.1 | ||||||||
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| LYONDELLBASELL INDUSTRIES N.V. | |||||||||||||||||
| Date: | September 11, 2025 | ||||||||||||||||
| By: | /s/ Brendan J. Dalton | ||||||||||||||||
| Brendan J. Dalton | |||||||||||||||||
| Vice President | |||||||||||||||||
| and Treasurer | |||||||||||||||||