WASHINGTON (dpa-AFX) - Huntsman Corp. (HUN) announced that it has priced a $400 million offering of senior notes due 2020 through its wholly owned subsidiary, Huntsman International LLC.
The notes will carry an interest rate of 4.875% and will mature on November 15, 2020. The closing of the offering is expected to occur on November 19, 2012, subject to the satisfaction of customary closing conditions.
The company stated that it intends to use the net proceeds to redeem $400 million in aggregate principal amount of its 51/2% Senior Notes due 2016 and to pay associated accrued interest.
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