LyondellBasell (LYB) Climbs 5% After $1.5-Billion Fundraising

Core Viewpoint - LyondellBasell Industries NV (NYSE:LYB) has shown strong stock performance despite a challenging earnings report, driven by a successful $1.5 billion fundraising through debt offerings [1][4]. Group 1: Fundraising and Stock Performance - LyondellBasell's stock increased by 5.10% to close at $45.52 following the announcement of the fundraising [1]. - The company completed the issuance of two notes: $1 billion due in 2036 at an interest rate of 5.875% and $500 million maturing in 2031 at 5.125% [2]. - Proceeds from the fundraising will be allocated for general corporate purposes, including repayment of certain guaranteed notes due in 2026 and 2027 [3]. Group 2: Earnings Performance - In the third quarter, LyondellBasell reported a net loss of $890 million, a significant decline from a net income of $573 million in the same period last year [4]. - The company faced $1.2 billion in charges related to non-cash asset write-downs, transaction-related costs, and discontinued businesses [4]. - Sales and other operating revenues fell by 10% to $7.7 billion, down from $8.6 billion year-on-year [5].