Huntsman solicits consents for corporate reorganization

New York, June 17 - Huntsman Corp. said it is soliciting consents from holders of the senior secured and unsecured notes issued by Huntsman LLC as part of a proposed merger of Huntsman LLC into Huntsman International LLC.

The two subsidiaries are currently financed separately and report to the Securities and Exchange Commission separately.

By merging the two, Huntsman will simplify its financing and SEC reporting. The transaction will also allow for lower interest rate costs in the company's bank facility and other financing arrangements.

Once noteholder consents are received, Huntsman will look to obtain a new credit facility for the subsidiaries.

Huntsman is a Salt Lake City-based chemical company.

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