Huntsman Prices Additional $250 Million Offering at 4.875%

Specialty chemicals maker Huntsman (NYSE: HUN  ) priced a $250 million offering in additional senior notes through its wholly owned subsidiary, Huntsman International LLC, the company said yesterday.

The 4.875% senior notes will mature in 2020 and are being offered as additional notes under an indenture it has with Wells Fargo that it issued this past November for $400 million in aggregate principal amount.

The new notes will be treated as a single whole with the original notes and will have the same terms as they do. The offering will be issued at a price of 98.5% and carry an interest rate of 4.875%. They will mature on Nov. 15, 2020. 

Huntsman expects the closing of the offering to occur on March 4 and anticipates using the net proceeds to redeem $200 million of its 5-1/2% senior notes due in 2016 and to pay associated accrued interest and for general corporate purposes.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2288127, ~/Articles/ArticleHandler.aspx, 9/30/2016 9:35:39 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 19 minutes ago Sponsored by:
DOW 18,308.15 164.70 0.91%
S&P 500 2,168.27 17.14 0.80%
NASD 5,312.00 42.85 0.81%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/30/2016 4:03 PM
HUN $16.27 Up +0.43 +2.71%
Huntsman CAPS Rating: **
WFC $44.28 Down -0.09 -0.20%
Wells Fargo CAPS Rating: ****