Huntsman tenders for up to $165 million 7 7/8% senior notes due 2014

By Susanna Moon

Chicago, Sept. 13 - Huntsman Corp. said its wholly owned subsidiary, Huntsman International LLC, began a fixed-price cash tender offer to purchase up to $165 million principal amount of its 7 7/8% senior subordinated notes due 2014.

The tender offer price is $1,041.88 for each $1,000.00 principal amount of notes tendered before 5 p.m. ET on Sept. 24, the early tender time. The total amount includes an early tender premium of $30.00 per note.

Holders who tender notes after the early tender time but before midnight ET on Oct. 8, the expiration date, will receive $1,011.88 per note.

The company also will pay accrued interest to the settlement date.

Goldman, Sachs & Co. (800 828-3182 or collect 212 902-5183) is the dealer manager. Global Bondholder Services Corp. (866 540-1500 or collect 212 430-3774) is the depositary and information agent.

Huntsman is a Salt Lake City-based manufacturer and marketer of differentiated chemicals.

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