Donaldson, Lufkin & Jenrette and J.P. Morgan & Co. have put the final touches on a $3.5 billion debt refinancing package for Lyondell Chemical Co.

The deal, announced this week, includes the issuance of 35 million new Lyondell shares, valued at $665 million; $1.9 billion in senior secured notes; and two term loans worth a combined $1 billion. It is expected to close Monday.

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