Huntsman moves OID on $100 million add-on term loan B-1 to 99¾

By Sara Rosenberg

New York, Aug. 13 - Huntsman International LLC revised the original issue discount on its $100 million add-on to its extended term loan B-1 (Ba1/BB+) due April 19, 2017 to 99¾ from 991/2, according to a market source.

The term loan is still priced at Libor plus 250 basis points with no Libor floor and has amortization of 1% per annum.

Recommitments are due at noon ET on Wednesday, the source said.

Citigroup Global Markets is the lead arranger on the deal.

Proceeds will be used for general corporate purposes.

Huntsman is a Salt Lake City-based manufacturer of differentiated organic and inorganic chemical products.

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