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): May 29, 2024
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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Item 1.01 Entry into a Material Definitive Agreement.
On May 29, 2024, certain subsidiaries of LyondellBasell Industries N.V. (the “Company”) entered into an amendment to the Company’s $900 million structured accounts receivable receivables facility originated in September 2012 (the “Receivables Facility”) pursuant to a Sixth Amendment to Receivables Purchase Agreement, dated as of May 29, 2024, 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 (the “RPA Sixth Amendment”).
The RPA Sixth Amendment extends the term of the Receivables Facility to June 27, 2025 and makes certain updates with respect to the erroneous payments provisions. No other terms of the Receivables Facility have changed materially. As of May 29, 2024, there were no trade receivable purchases or letters of credit outstanding under the Receivables Facility.
A copy of the RPA Sixth Amendment is included in this Form 8-K as Exhibit 10.1 and incorporated herein by reference. The summary description of the RPA Sixth Amendment in this report is qualified in its entirety by reference to Exhibit 10.1.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 above is incorporated by reference in this Item 2.03.
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: | May 30, 2024 | ||||||||||||||||
| By: | /s/ Jeffrey A. Kaplan | ||||||||||||||||
| Jeffrey A. Kaplan | |||||||||||||||||
| Executive Vice President and General Counsel | |||||||||||||||||