Lyondell seeks more funds for bankruptcy exit plan

03/22/2010 | Wall Street Journal, The

Following court approval of its equity-financing request recently, LyondellBasell Industries is expected to ask the same bankruptcy court on Wednesday to approve a $5 billion financing deal to help itself out of bankruptcy protection. The chemical maker is trying to exit Chapter 11 through a restructuring plan funded by a group of financiers headed by equity firm Apollo Management.

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Wall Street Journal, The

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