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LyondellBasell's US Units Seek $8B In DIP Financing

Law360, New York (January 07, 2009) -- The bankrupt U.S. businesses of chemical firm LyondellBasell Industries AF SCA have requested court approval for a debtor-in-possession financing package of more than $8 billion to help ensure the companies can continue operating for now.

On Tuesday, representatives of Lyondell Chemical Co. and its affiliate debtors submitted a motion in the U.S. Bankruptcy Court for the Southern District of New York requesting immediate approval of...

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