Venator Materials plans new debt including senior notes, term loans

By Marisa Wong

Morgantown, W.Va., May 5 – Venator Materials plc intends to enter into new financing arrangements, which may include issuances of senior notes, term loans, borrowings under an asset-based lending facility or a revolving credit facility or a combination of those, according to an S-1 filing with the Securities and Exchange Commission.

The company plans to use proceeds of the new debt to repay intercompany debt owed to parent company Huntsman Corp.

Venator is planning the new debt in anticipation of an offering of ordinary shares totaling up to $100 million.

Venator is a manufacturer and marketer of chemical products comprising a range of pigments and additives to color and protect buildings and reduce energy consumption. Huntsman is a chemical manufacturer based in The Woodlands, Texas.

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