Market Dynamics
Huntsman Prices €145.0 Million Private Offering of Additional 5.125% Senior Notes due 2021
Time: 2014-05-30 Source from: Huntsman
Huntsman Corporation (NYSE: HUN) today announced that it has priced a €145.0 million in aggregate principal amount offering of additional 5.125% senior notes due 2021 (the "Notes") through its wholly owned subsidiary, Huntsman International LLC (the "Issuer"). The offering was increased from a previously announced size of €100.0 million in aggregate principal amount of Notes. The Notes are being offered as additional notes under the indenture, dated as of December 23, 2013, among the Issuer, the guarantors party thereto, Wilmington Trust, National Association, as trustee, and Citibank, N.A., London Branch, as paying agent, transfer agent, registrar and authenticating agent, pursuant to which the Issuer issued €300.0 million in aggregate principal amount of its 5.125% Senior Notes due 2021 on December 23, 2013 (the "Initial Notes"). The Notes will be treated as a single series with, and will have the same terms as, the Initial Notes. The Notes will be issued at a price of 103.25% and carry an interest rate of 5.125% and will mature on April15, 2021. The closing of the offering is expected to occur on June 2, 2014, subject to the satisfaction of customary closing conditions. Huntsman intends to use the net proceeds from the offering for general corporate purposes.