Huntsman to Issue Senior Subordinated Notes
March 10 2010 - 4:28PM
PR Newswire (US)
THE WOODLANDS, Texas, March 10 /PRNewswire-FirstCall/ -- Huntsman
Corporation today announced its intention, subject to market and
other conditions, to privately offer up to $250 million principal
amount of senior subordinated notes due 2020 through its wholly
owned subsidiary, Huntsman International LLC. Huntsman intends to
use all of the net proceeds to repurchase or redeem certain of its
outstanding senior subordinated notes. The notes to be offered have
not been registered under the Securities Act of 1933 (the
"Securities Act"), or any state securities laws; and unless so
registered, the notes may not be offered or sold in the United
States except pursuant to an exemption from, or in a transaction
not subject to, the registration requirements of the Securities Act
and applicable state securities laws. The notes will be offered
only to qualified institutional buyers in accordance with Rule 144A
and outside the United States in accordance with Regulation S. 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. In addition, the completion of any transactions described
in this release is subject to a number of uncertainties and closing
will be subject to approvals and other customary conditions.
Accordingly, there can be no assurance that such transactions will
be completed or 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 applicable laws. DATASOURCE: Huntsman
Corporation CONTACT: Media, Gary Chapman, +1-281-719-4324, or
Investor Relations,Kurt Ogden, +1-801-584-5959, both of Huntsman
Corporation Web Site: http://www.huntsman.com/
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