Huntsman pricing $250 million tap of 4 7/8% notes due 2020 Thursday

By Paul A. Harris and Aleesia Forni

Columbus, Ohio, Feb. 28 - Huntsman International LLC is set to sell a $250 million add-on to its 4 7/8% senior notes due Nov. 15, 2020 (existing ratings B1/BB-) on Thursday, a market source said.

An investor call was scheduled for 11 a.m. ET.

J.P. Morgan Securities LLC, BofA Merrill Lynch, Barclays, Citigroup Global Markets Inc., Goldman Sachs & Co., HSBC Securities (USA) Inc., RBC Capital Markets LLC and Wells Fargo Securities LLC are the joint bookrunners.

PNC Capital Markets LLC and RBS Securities Inc. are the co-managers.

The Rule 144A and Regulation S with registration rights notes will be non-callable.

Proceeds will be used to redeem the company's 5½% senior notes due 2016 and for general corporate purposes.

The Salt Lake City-based specialty chemicals company sold the original $400 million issue at par on Nov. 2, 2012.

The add-on notes will be fungible with the existing notes after registration.

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