THE WOODLANDS, Texas,
May 28, 2014 /PRNewswire/
-- 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 April 15, 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.
The Notes will not initially be registered under the Securities
Act of 1933, as amended (the "Securities Act"), or under any state
securities law; and unless so registered, the Notes may not be
offered or sold in the United
States absent registration or an applicable exemption from,
or in a transaction not subject to, the registration requirements
of the Securities Act and applicable state securities laws. The
Notes are being offered only to qualified institutional buyers
under Rule 144A and outside the United
States in compliance with Regulation S under the Securities
Act.
This press release is neither an offer to sell nor a
solicitation of an offer to buy the Notes or any other securities
and shall not constitute an offer to sell or a solicitation of an
offer to buy, or a sale of, the Notes or any other securities in
any jurisdiction in which such offer, solicitation or sale is
unlawful.
Forward-Looking Statements:
Statements in this release that are not historical are
forward-looking statements. These statements are based on
management's current beliefs and expectations. The forward-looking
statements in this release are subject to uncertainty and changes
in circumstances and involve risks and uncertainties that may
affect the company's operations, markets, products, services,
prices and other factors as discussed in the Huntsman companies'
filings with the U.S. Securities and Exchange Commission.
Significant risks and uncertainties may relate to, but are not
limited to, financial, economic, competitive, environmental,
political, legal, regulatory and technological factors. The
company assumes no obligation to provide revisions to any
forward-looking statements should circumstances change, except as
otherwise required by applicable laws.
SOURCE Huntsman Corporation