EX-25.4 8 exhibit254_dec2021xs-3asr.htm EX-25.4 Document
Exhibit 25.4
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549
_____________________________

FORM T-1

STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
_____________________________

CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b) (2)
WELLS FARGO BANK, NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)
A National Banking Association94-1347393
(Jurisdiction of incorporation or organization if
not a U.S. national bank)
(I.R.S. Employer Identification No.)
101 North Phillips Avenue
Sioux Falls, South Dakota57104
(Address of principal executive offices) (Zip code)

Wells Fargo & Company
Law Department, Trust Section
MAC N9305-175
Sixth Street and Marquette Avenue, 17th Floor
Minneapolis, Minnesota 55479
(612) 667-4608
(Name, address and telephone number of agent for service)
_____________________________
LYB INTERNATIONAL FINANCE III, LLC
(Exact name of obligor as specified in its charter)
Delaware
81-5180761
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer Identification No.)

1221 McKinney St.
Houston, Texas77010
(Address of principal executive offices) (Zip code)




LYONDELLBASELL INDUSTRIES N.V.
(Exact name of obligor as specified in its charter)
The Netherlands98-0646235
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer Identification No.)
4th Floor, One Vine Street
London, W1J0AH
The United Kingdom
(Address of principal executive offices) (Zip code)
_____________________________
Debt Securities
(Title of the indenture securities)


Item 1. General Information. Furnish the following information as to the trustee:

(a) Name and address of each examining or supervising authority to which it is subject.

Comptroller of the Currency
Treasury Department
Washington, D.C.

Federal Deposit Insurance Corporation
Washington, D.C.

Federal Reserve Bank of San Francisco
San Francisco, California 94120

(b) Whether it is authorized to exercise corporate trust powers.

The trustee is authorized to exercise corporate trust powers.


Item 2. Affiliations with Obligor. If the obligor is an affiliate of the trustee, describe each such affiliation.

None with respect to the trustee.

No responses are included for Items 3-14 of this Form T-1 because the obligor is not in default as provided under Item 13.

Item 15. Foreign Trustee. Not applicable.

Item 16. List of Exhibits. List below all exhibits filed as a part of this Statement of Eligibility.

Exhibit 1. A copy of the Articles of Association of the trustee now in effect.*

Exhibit 2. A copy of the Comptroller of the Currency Certificate of Corporate Existence for Wells Fargo Bank, National Association, dated January 14, 2015.*

Exhibit 3. A copy of the Comptroller of the Currency Certification of Fiduciary Powers for Wells Fargo Bank, National Association, dated January 6, 2014.*

Exhibit 4. Copy of By-laws of the trustee as now in effect.*




Exhibit 5. Not applicable.

Exhibit 6. The consent of the trustee required by Section 321(b) of the Act.

Exhibit 7. A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.

Exhibit 8. Not applicable.

Exhibit 9. Not applicable.


* Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit to the Filing 305B2 dated March 13, 2015 of file number 333-190926.





SIGNATURE


Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Wells Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York and State of New York on the 3rd day of December, 2021.


By:
COMPUTERSHARE TRUST COMPANY, N.A., AS AGENT FOR
WELLS FARGO BANK, NATIONAL ASSOCIATION, AS TRUSTEE
/s/ Raymond Delli Colli
Raymond Delli Colli
Vice President







EXHIBIT 6




December 3, 2021



Securities and Exchange Commission
Washington, D.C. 20549

Gentlemen:

In accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, the undersigned hereby consents that reports of examination of the undersigned made by Federal, State, Territorial, or District authorities authorized to make such examination may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.


Very truly yours,
By:
COMPUTERSHARE TRUST COMPANY, N.A., AS AGENT FOR
WELLS FARGO BANK, NATIONAL ASSOCIATION, AS TRUSTEE
/s/ Raymond Delli Colli
Raymond Delli Colli
Vice President




Exhibit 7

Consolidated Report of Condition of

Wells Fargo Bank National Association
101 North Phillips Avenue, Sioux Falls, SD 57104
And Foreign and Domestic Subsidiaries,
at the close of business September 30, 2021, filed in accordance with 12 U.S.C. §161 for National Banks.


Dollar Amount
In Millions
ASSETS
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin$24,470 
Interest-bearing balances239,601
Securities:
Held-to-maturity securities262,493
Available-for-sale securities175,975
Equity Securities with readily determinable fair value not held for trading11
Federal funds sold and securities purchased under agreements to resell:
Federal funds sold in domestic offices54
Securities purchased under agreements to resell72,580
Loans and lease financing receivables:
Loans and leases held for sale22,157
Loans and leases, net of unearned income821,020
LESS: Allowance for loan and lease losses13,315
Loans and leases, net of unearned income and allowance807,705
Trading Assets75,487
Premises and fixed assets (including capitalized leases)10,722
Other real estate owned146
Investments in unconsolidated subsidiaries and associated companies13,836
Direct and indirect investments in real estate ventures 69
Intangible assets30,813
Other assets50,492
Total assets$1,786,611 



Dollar Amount
In Millions
LIABILITIES
Deposits:
In domestic offices$1,486,000 
Noninterest-bearing575,044
Interest-bearing910,956
In foreign offices, Edge and Agreement subsidiaries, and IBFs28,970
Noninterest-bearing247
Interest-bearing28,723
Federal funds purchased and securities sold under agreements to repurchase:
Federal funds purchased in domestic offices2,365
Securities sold under agreements to repurchase5,868
Trading liabilities14,878
Other borrowed money
(Includes mortgage indebtedness and obligations under capitalized leases)31,958
Subordinated notes and debentures11,975
Other liabilities32,786
Total liabilities$1,614,800 
EQUITY CAPITAL
Perpetual preferred stock and related surplus 0
Common stock519
Surplus (exclude all surplus related to preferred stock) 114,820
Retained earnings55,422
Accumulated other comprehensive income1,016
Other equity capital components0
Total bank equity capital171,777
Noncontrolling (minority) interests in consolidated subsidiaries34
Total equity capital171,811
Total liabilities, and equity capital$1,786,611 





I, Michael P. Santomassimo, Sr. EVP & CFO of the above-named bank do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief.

Michael P. Santomassimo
Sr. EVP & CFO


We, the undersigned directors, attest to the correctness of this Report of Condition and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.



Directors
Maria R. Morris
Theodore F. Craver, Jr.
Juan A. Pujadas