THE
WOODLANDS, Texas, Sept. 24,
2024 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN)
today announced that its wholly-owned subsidiary, Huntsman
International LLC, has priced its offering of $350 million in aggregate principal amount of
Senior Notes due 2034. The notes will be offered to the public at a
price of 99.640% of their principal amount and will bear interest
at a rate of 5.700% per annum. Huntsman expects the offering to
close on September 26, 2024, subject
to customary closing conditions.
Huntsman intends to use the net proceeds from the offering for
general corporate purposes, including repayment of debt.
BofA Securities, Inc.; Citigroup Global Markets Inc.; J.P.
Morgan Securities LLC; BMO Capital Markets Corp.; HSBC Securities
(USA) Inc.; ICBC Standard Bank
Plc; MUFG Securities Americas Inc.; PNC Capital Markets LLC; TD
Securities (USA) LLC; and Truist
Securities, Inc. are acting as the joint book-running managers for
the offering. Barclays Capital Inc.; U.S. Bancorp Investments,
Inc.; and Zions Direct, Inc. are acting as the senior co-managers
for the offering, and Academy Securities, Inc. is acting as the
co-manager for the offering.
The offering was made under an effective shelf registration
statement that was filed with the U.S. Securities and Exchange
Commission and became automatically effective on August 9, 2024. The offering of the notes may be
made only by means of a prospectus supplement and accompanying
prospectus, copies of which may be obtained from BofA Securities,
Inc. by calling toll-free at 1-800-294-1322, Citigroup Global
Markets Inc. by calling toll-free at 1-800-831-9146 or from J.P.
Morgan Securities LLC by calling collect at 1-212-834-4533.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of the
notes in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful.
About Huntsman:
Huntsman Corporation is a publicly
traded global manufacturer and marketer of differentiated and
specialty chemicals with 2023 revenues of approximately
$6 billion from our continuing
operations. Our chemical products number in the thousands and are
sold worldwide to manufacturers serving a broad and diverse range
of consumer and industrial end markets. We operate more than 60
manufacturing, R&D and operations facilities in approximately
25 countries and employ approximately 6,000 associates within our
continuing operations.
Forward-Looking Statements:
This press release
includes "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These forward-looking statements include
statements concerning our plans, objectives, goals, strategies,
future events, future revenue or performance, capital expenditures,
financing needs, plans or intentions relating to acquisitions,
divestitures or strategic transactions, business trends and any
other information that is not historical information. When used in
this press release, the words "estimates," "expects,"
"anticipates," "likely," "projects," "outlook," "plans," "intends,"
"believes," "forecasts," or future or conditional verbs, such as
"will," "should," "could" or "may," and variations of such words or
similar expressions are intended to identify forward-looking
statements. These forward-looking statements, including, without
limitation, management's examination of historical operating trends
and data, are based upon our current expectations and various
assumptions and beliefs. In particular, such forward-looking
statements are subject to uncertainty and changes in circumstances
and involve risks and uncertainties that may affect our operations,
markets, products, prices and other factors as discussed in our
filings with the U.S. Securities and Exchange Commission.
Significant risks and uncertainties may relate to, but are not
limited to, high energy costs in Europe, inflation and high capital costs,
geopolitical instability, volatile global economic conditions,
cyclical and volatile product markets, disruptions in production at
manufacturing facilities, reorganization or restructuring of our
operations, including any delay of, or other negative developments
affecting the ability to implement cost reductions and
manufacturing optimization improvements in our businesses and to
realize anticipated cost savings, and other financial, operational,
economic, competitive, environmental, political, legal, regulatory
and technological factors. Any forward-looking statement should be
considered in light of the risks set forth under the caption "Risk
Factors" in our Annual Report on Form 10-K for the year ended
December 31, 2023, which may be
supplemented by other risks and uncertainties disclosed in any
subsequent reports filed or furnished by us from time to time. All
forward-looking statements apply only as of the date made. Except
as required by law, we undertake no obligation to update or revise
forward-looking statements to reflect events or circumstances that
arise after the date made or to reflect the occurrence of
unanticipated events.
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SOURCE Huntsman Corporation
