Friday, January 09, 2009

LyondellBasell granted court approval for first US$2.167 bln of proposed DIP financing package

LyondellBasell has been granted court approval for the first US$2.167 bln out of a total US$8 bln proposed debtor-in-possession financing package. Debtor-in-possession (DIP) financing is used to fund continuing operations.

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