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.
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