Chemical manufacturer Lyondell Chemical Company called $300 million of its 9 1/2 percent Senior Secured Notes, which mature in 2008. The call price is 104.75 percent of par, and the debt will be paid on December 28, 2005 at the conclusion of the call period.
Lyondell Chemical Company, headquartered in Houston, Texas, is North America's third-largest independent, publicly traded chemical company.
Lyondell is a major global manufacturer of basic chemicals and derivatives including ethylene, propylene, titanium dioxide, styrene, polyethylene, propylene oxide and acetyls.