November 22, 2014 5:49 AM ET

Chemicals

Company Overview of Huntsman International LLC

Company Overview

Huntsman International LLC manufactures and sells organic and inorganic chemical products worldwide. The company operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments. The Polyurethanes segment offers methyl diphenyl diisocyanate products, propylene oxide, polyols, propylene glycol, thermoplastic polyurethane, aniline, and methyl tertiary-butyl ether for use in refrigeration and appliance insulation, construction products, adhesives, automotive, footwear, furniture, cushioning, specialized engineering, and fuel additives applications. The Performance Products segment provides amines, surfactants, linear alkyl benzene, maleic anhydri...

500 Huntsman Way

Salt Lake City, UT 84108

United States

Founded in 1970

12,000 Employees

Phone:

801-584-5700

Key Executives for Huntsman International LLC

Chief Executive Officer
Age: 51
Founder
Age: 76
Chief Financial Officer
Age: 52
Chief Executive Officer of Asia Pacific and Division President of Polyurethanes
Age: 56
Division President of Textile Effects
Age: 57
Compensation as of Fiscal Year 2014.

Huntsman International LLC Key Developments

Huntsman Completes $400 Million Private Offering of Senior Notes Due 2022

Huntsman Corporation announced that it has completed its previously announced $400 million offering of 5.125% Senior Notes due 2022 through its wholly owned subsidiary, Huntsman International LLC. Huntsman intends to use the net proceeds from the offering to redeem all of its 8.625% Senior Subordinated Notes due 2020, pay associated accrued interest and for general corporate purposes. In connection with this transaction, Huntsman expects to incur charges of approximately $28 million related to the early extinguishment of debt in the fourth quarter of 2014. The successful issuance of these notes will reduce borrowing cost by 3.5% on $350 million of debt. As a result of this refinancing, the company will save approximately $12 million in annual interest expense. The company has approximately $530 million of additional 8.625% notes due 2021 and continue to look for future opportunities to refinance as practicable.

Huntsman International Prices Higher Private Offering of USD 400 Million Senior Notes Due 2022

Huntsman Corporation has priced its USD 400 million in aggregate principal amount offering of senior notes due 2022. This offering, initiated through the company's wholly owned subsidiary, Huntsman International, was increased from the prior USD 300 million in aggregate principal amount of notes. The higher notes will carry an interest rate of 5.125% and will mature on 15 November 2022. Net proceeds will be used by the company to redeem all of its 8.625% senior subordinated notes due 2020, pay associated accrued interest as well as for general corporate purposes. Subject to the satisfaction of customary closing conditions, the closing of the offering is expected to occur on 13 November 2014.

Huntsman International LLC to Issue Senior Notes Due 2022

Huntsman Corporation announced its intention, subject to market and other conditions, to privately offer $300.0 million in aggregate principal amount of senior notes due 2022 through its wholly owned subsidiary, Huntsman International LLC. Huntsman intends to use the net proceeds from the proposed offering to redeem a portion of its 8.625% Senior Subordinated Notes due 2020 and to pay associated accrued interest, and for general corporate purposes. The notes will not initially be registered under the Securities Act of 1933, as amended, 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.

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