Huntsman calling 11% senior secure notes due 2010 for redemption
19 Nov '05
1 min read
Texas based Leading commodity and differentiated chemical manufacturer & marketer Huntsman announced that its subsidiary, Huntsman Advanced Materials LLC, is calling all its outstanding 11 Percent senior secured notes due 2010 for redemption on December 20, 2005.
The redemption is conditioned on receiving funding from new financing in an amount sufficient to redeem these senior secured notes. Approximately $250 million aggregate principal amount of these senior secured notes is outstanding.
In addition, on November 11, 2005, Huntsman Advanced Materials LLC called the remaining $25 million aggregate principal amount outstanding of its floating rate senior secured notes due 2008 for redemption on December 12, 2005.
Huntsman is a global manufacturer and marketer of differentiated and commodity chemicals. Its operating companies manufacture basic products for a variety of global industries including chemicals, plastics, automotive, aviation, footwear, paints and coatings, construction, technology, agriculture, health care, textiles, detergent, personal care, furniture, appliances and packaging.
Originally known for pioneering innovations in packaging, and later, rapid and integrated growth in petrochemicals, Huntsman today has 11,300 employees, 57 operations in 22 countries and had 2004 revenues of $11.5 billion.
marketing@alchempro.com
