Huntsman to Issue Senior Subordinated Notes
October 30 2006 - 2:00AM
PR Newswire (US)
Company to Use Net Proceeds to Redeem More Expensive Debt THE
WOODLANDS, Texas, Oct. 30 /PRNewswire-FirstCall/ -- Huntsman
International LLC, a wholly owned subsidiary of Huntsman
Corporation (NYSE:HUN), today announced its intention, subject to
market and other conditions, to raise approximately $400 million US
dollar equivalents through a private offering of U.S. dollar and
euro denominated senior subordinated notes. The offering will be
made only to qualified institutional buyers in accordance with Rule
144A under the Securities Act of 1933 and outside the United States
in accordance with Regulation S under the Securities Act. The
company intends to use all of the net proceeds to redeem part of
its outstanding 10 1/8% senior subordinated notes due 2009, subject
to completion of the offering. This release is not an offer of
securities. The securities offered will not be registered under the
Securities Act of 1933 and may not be offered or sold in the United
States absent registration or an applicable exemption from
registration requirements. 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 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. Accordingly, there can be no assurance that the company's
expectations will be realized. The company assumes no obligation to
provide revisions to any forward-looking statements should
circumstances change, except as otherwise required by securities
and other applicable laws. DATASOURCE: Huntsman Corporation
CONTACT: Media, Russ Stolle, +1-281-719-6624, or Investor
Relations, John Heskett, +1-801-584-5768, both of Huntsman
Corporation
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