LyondellBasell Secures Financial Flexibility Amid Strategic Restructuring
Published on 09/14/2025 at 21:54 | Redaktion boerse-global.deChemical giant LyondellBasell has successfully negotiated greater financial flexibility, though the amended terms of its credit agreement come with specific limitations on capital returns to shareholders. The development coincides with a downward revision of the stock’s price target by investment bank Rothschild, which nonetheless maintains its positive outlook on the equity.
Effective September 10, a key amendment to LyondellBasell’s credit facility permits the company to operate with a higher leverage ratio through 2027. This adjustment to the covenant, known as the Maximum Leverage Ratio, provides the multinational with crucial operational breathing room amidst a challenging market environment.
In exchange for this increased financial latitude, the company has agreed to restrict share buybacks and dividend increases. The only repurchases... Read more...
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