Huntsman International LLC, a wholly-owned subsidiary of Huntsman Corporation, announced the pricing of an offering for $350 million in aggregate principal amount of Senior Notes due 2034. The notes were offered to the public at a price of 99.640% of their principal amount.
These Senior Notes will bear interest at a rate of 5.700% per annum. The offering was expected to close on September 26, 2024, subject to customary closing conditions.
Huntsman intends to utilize the net proceeds from this offering for general corporate purposes, which includes the repayment of existing debt. This move impacts the company's financial leverage and liquidity position.
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