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.

DocumentId: 2288127, ~/Articles/ArticleHandler.aspx, 4/17/2014 8:32:22 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...

TREND TRACKER: Get Rich When the Web Goes Dark

It's time to say "goodbye" to your Internet! One bleeding-edge technology is about to put the World Wide Web to bed. And if you act right away, it could make you wildly rich. Experts are calling it the single largest business opportunity in the history of capitalism… The Economist is calling it "transformative"... but you'll probably just call it "how I made my millions." Big money is already on the move. Don't be too late to the party – find out the 1 stock to own when the Web goes dark.