Lyondell Up On Settlement News

LyondellBasell’s collateral allocation mechanism loan rose about two points today following the company’s announcement that it had reached a settlement with a group of creditors against the banks advisors and management, arguing that its 2007 leveraged buyout set the company up to enter Chapter 11 due to an unmanageable debtload.

  • 16 Feb 2010

--Libby Sallaberry

LyondellBasell’s collateral allocation mechanism loan rose about two points today following the company’s announcement that it had reached a settlement with a group of creditors against the banks advisors and management, arguing that its 2007 leveraged buyout set the company up to enter Chapter 11 due to ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89