NYSE:LYBChemicals
LyondellBasell Industries (LYB) Amends Credit Agreement Increasing Leverage Ratio Through 2027
LyondellBasell Industries (LYB) recently amended its credit agreement, increasing its leverage ratio and imposing restrictions on dividends and share repurchases. This development coincided with a 13% rise in the company's share price over the past month. The broader market trends, including record highs in major U.S. stock indexes fueled by anticipated rate cuts and inflation data, complemented LYB's gains. While the credit agreement amendment introduced some financial constraints, it didn't...