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Lyondell Chemical

(LYO)

said Tuesday that it closed the cash tender offer for its 9.625% series A senior secured notes due 2007.

The tender offer expired on Oct. 2, with about $762 million in total principal amount of notes tendered and accepted for purchase, representing about 90% of outstanding notes. A total principal amount of roughly $87 million of notes remain outstanding, the Houston-based chemical company said.

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The company's stock closed down 48 cents, or 1.9%, to $25.52 Tuesday.

This story was created through a joint venture between TheStreet.com and IRIS.