Huntsman Prices $350 Million Of Senior Notes
March 17, 2010 (FinancialWire) — Huntsman Corp. (NYSE: HUN) has priced a $350 million offering of senior subordinated notes due 2020 through its wholly owned subsidiary, Huntsman International LLC. The notes will carry an interest rate of 8 5/8% and will mature on March 15, 2020.
The closing of the offering is scheduled to occur on March 17.
Huntsman said it will use the net proceeds to refinance around euro 184 million of its senior subordinated notes due 2013 and around euro 59 million of its senior subordinated notes due 2015 through the use of $350 million notional amount of 5-year euro/$cross currency swaps contracts.
Texas-based Huntsman is a manufacturer and marketer of differentiated chemicals.
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