Thursday, March 05, 2009

US Bankruptcy Court approves terms of LyondellBasell's DIP financing

In a bid to enable Lyondell Chemical Company to emerge from Chapter 11 bankruptcy protection, a US Bankruptcy Court for the Southern District of New York has given a go-ahead to the terms of the compaany's US$8 bln in debtor-in-possession financing.

For more details on US Bankruptcy Court approves terms of LyondellBasell's DIP financing click here

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