Successor Indenture Trustee Named In Lyondell Case

Law360, New York (January 23, 2009, 12:00 AM EST) -- The federal judge overseeing the Lyondell Chemical Co. bankruptcy case has named Wilmington Trust as the successor indenture trustee for holders of approximately $615 million and €500 million of debt issued by LyondellBasell Industries AF SCA.

On Friday, the company revealed the court designation, adding that Wilmington Trust has also been appointed to the unsecured creditors committee by the U.S. trustee.

“Being named as successor trustee and appointed to the unsecured creditors committee in Lyondell Chemical Company’s bankruptcy filing is another testament to our position as...
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