Lyondell bankruptcy may last more than year - report

26 February 2009 00:18  [Source: ICIS news]

HOUSTON (ICIS news)--Lyondell Chemical's Chief Financial Officer Alan Bigman said the company's bankruptcy could last beyond the 15 December maturity of its debtor-in-possession (DIP) financing, Reuters reported on Wednesday.

If Lyondell was not ready to emerge from bankruptcy by 15 December, it may need to refinance the financing, Reuters reported. Bigman made his comments during a hearing in bankruptcy court.

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By: Al Greenwood
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