THE WOODLANDS,
Texas, March 19,
2015 /PRNewswire/ -- Huntsman Corporation
(NYSE: HUN) today announced that it has priced a €300 million in
aggregate principal amount offering of senior notes due 2025 (the
"Notes") through its wholly owned subsidiary, Huntsman
International LLC. The Notes will carry an interest rate of 4.25%
and will mature on April 1,
2025. The closing of the offering is
expected to occur on March 31, 2015,
subject to the satisfaction of customary closing conditions.
Huntsman intends to use the net proceeds from the offering to
redeem a portion of its 8.625% Senior Subordinated Notes due 2021
and to pay associated accrued interest.
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.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/huntsman-prices-300-million-private-offering-of-senior-notes-due-2025-300053397.html
SOURCE Huntsman Corporation