Welcome to Urethanes Technology International

Lyondell to repay $200 million of debt

By David Reed, UT EditorHouston, Texas-Lyondell Chemical Co. has just “called” an additional $200 million of its outstanding debt, specifically the “9.875 percent Senior Secured Notes, Series B, which mature in 2007,” a 14 Dec statement reported. The call price is 104.938 percent of par, and the debt will be paid on 13 Jan, 2005 at the conclusion of the call period, the statement added. The Lyondell statement said that $500 million of its debt has been repaid since resuming its debt-reduction plan in August 2004. The firm’s third-quarter results, issued 28 Oct, showed its debts totalled $3952 million.Lyondell is a leading producer of: propylene oxide (PO); PO derivatives, propylene glycol (PG), butanediol (BDO) and propylene glycol ether (PGE); and styrene monomer and MTBE as co-products of PO production. It also makes and markets TDI (toluene diisocyanate) in Europe and the US.”

BUSINESS DIRECTORY

SEARCH FOR YOUR BUSINESS USING THE BUSINESS DIRECTORY

Over 250 UTECH exhibitors listed

Search over 250 business listings to find the companies with business solutions you need....

URETHANES TECHNOLOGY

REPORTING ON POLYURETHANES SINCE 1983

Trusted Informatoin

Urethanes Technology International has been providing business-critical information to the global polyurethanes industry since 1983

ADVERTISING & SPONSORSHIP

INVEST WISELY FOR RESULTS

Target your message, generate leads

Advertising on line and in print gives you access to an audited readership of over 6500/issue. Sponsoring conferences and events can position your firm as a thought leader.