April 18, 2014 4:02 PM 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: 50
Founder
Age: 75
Chief Financial Officer
Age: 51
Chief Executive Officer of Asia Pacific and Division President of Polyurethanes
Age: 55
Division President of Textile Effects
Age: 56
Compensation as of Fiscal Year 2013.

Huntsman International LLC Key Developments

Huntsman International LLC Extends the Expiration Date of its Offer to Exchange all of its Outstanding 5.125% Senior Notes Due 2021

Huntsman International LLC announced that it has extended the expiration date of its offer to exchange (the 'Exchange Offer') all of its outstanding 5.125% Senior Notes due 2021 for an equal principal amount of 5.125% Senior Notes due 2021 that have been registered under the Securities Act of 1933, as amended (the Securities Act). Approximately EUR 296,650,000 of the EUR 300,000,000 outstanding Old Notes have been tendered for exchange. The Company has extended the expiration date in order to allow all note holders ample opportunity to tender their Old Notes in connection with the Exchange Offer. Old Notes tendered for exchange may be withdrawn at any time prior to the expiration of the Exchange Offer.

Huntsman International LLC Provides Updates on Issuance of 300,000,000 Aggregate Principal Amount of 5.125% Senior Notes Due 2021

On December 23, 2013, Huntsman International LLC entered into an indenture, by and among HI, the guarantors named therein, Citibank, N.A., London Branch, as paying agent, registrar and transfer agent, and Wilmington Trust, National Association, a national banking association, as trustee, under which it issued 300,000,000 aggregate principal amount of its 5.125% Senior Notes due 2021. The Notes were sold pursuant to a Purchase Agreement by and among HI, the Guarantors, and the initial purchasers party thereto. HI intends to use the net proceeds of the offering to repay a portion of the principal amount outstanding under its Term Loan C, to pay related fees and expenses and for general corporate purposes. The Notes are general unsecured senior obligations of HI and are guaranteed on a general unsecured senior basis by the Guarantors. The Notes were issued in a transaction exempt from the registration requirements of the Securities Act of 1933. The Indenture imposes certain limitations on the ability of HI and its subsidiaries to, among other things, incur additional indebtedness secured by any principal properties, incur indebtedness of non-guarantor subsidiaries, enter into sale and leaseback transactions with respect to any principal properties and consolidate or merge with or into any other person or lease, sell or transfer all or substantially all of its properties and assets. The Notes bear interest at the rate of 5 1/8% per year payable semi-annually on April 15 and October 15 of each year, beginning on April 15, 2014. The Notes will mature on April 15, 2021. HI may redeem the Notes in whole or in part at any time prior to January 15, 2021 at a price equal to 100% of the principal amount thereof plus a make-whole premium and accrued and unpaid interest and special interest, if any. HI may redeem the Notes in whole or in part on or after January 15, 2021 at a price equal to 100% of the principal amount thereof plus accrued and unpaid interest and special interest, if any. Upon the occurrence of certain change of control events, holders of the Notes will have the right to require that HI purchase all or a portion of such holder's Notes in cash at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest and special interest, if any, to the date of repurchase.

Huntsman Corporation Announces EUR 300 Million Private Offering of Senior Notes Due 2021 through Huntsman International LLC

Huntsman Corporation announced that it has priced a EUR 300.0 million in aggregate principal amount offering of senior notes due 2021 through its wholly owned subsidiary, Huntsman International LLC. The offering was increased from a previously announced size of EUR 200.0 million in aggregate principal amount of Notes. The Notes will carry an interest rate of 5.125% and will mature on April 15, 2021. The closing of the offering is expected to occur on December 23, 2013, subject to the satisfaction of customary closing conditions. The company intends to use the net proceeds to repay a portion of the principal amount outstanding under its Term Loan C, to pay related fees and expenses and for general corporate purposes.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 17, 2013
Performance Additives and Titanium Dioxide Businesses
 

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