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QUUNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (date of earliest event reported): October 24, 2006 LYONDELL CHEMICAL COMPANY (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation) 1-10145 95-4160558 (Commission File Number) (I.R.S. Employer Identification No.) 1221 McKinney Street, Suite 700, Houston, Texas 77010 (Address of principal executive offices) (Zip Code) (713) 652-7200 (Registrant's telephone number, including area code) Not Applicable (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 8.01 Other Events On October 24, 2006, Lyondell Chemical Company called the remaining $430 million of its 9-1/2 percent Senior Secured Notes due 2008. The call price is 102.375 percent of par, and the notes will be redeemed on December 15, 2006, at the conclusion of the call period. The press release regarding the matter is being filed with this Current Report on Form 8-K as Exhibit 99.1. Item 9.01 Financial Statements and Exhibits (c) Exhibits. 99.1 Press Release SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LYONDELL CHEMICAL COMPANY By:/s/ Kerry A. Galvin Name: Kerry A. Galvin Title: Senior Vice President and General Counsel Date: October 24, 2006 INDEX TO EXHIBITS Exhibit Number Description
Exhibit 99.1
For information, contact:
Media: Lisa Martin-Walsh (713) 309-4890
Investors: Doug Pike (713) 309-7141
Lyondell to Repay $430 Million of Outstanding Debt
HOUSTON (Oct. 24, 2006) -- Lyondell Chemical Company (NYSE: LYO) today called the remaining $430 million of its 9-1/2 percent Senior Secured Notes due 2008. The call price is 102.375 percent of par, and the notes will be redeemed on Dec. 15, 2006, at the conclusion of the call period.
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Lyondell Chemical Company, headquartered in Houston, Texas, is North America's third-largest independent, publicly traded chemical company. Lyondell is a major global manufacturer of basic chemicals and derivatives including ethylene, propylene, titanium dioxide, styrene, polyethylene, propylene oxide and acetyls. It also is a refiner of heavy, high-sulfur crude oil and a significant producer of gasoline-blending components. Lyondell is a global company operating on five continents and employs approximately 11,000 people worldwide.
SOURCE: Lyondell Chemical Company