Huntsman redeems $50 million of floating-rate notes

New York, July 15 - Huntsman Corp. said its Huntsman Advanced Materials LLC subsidiary has redeemed $50 million of its senior secured floating-rate notes due 2008.

The company paid 105% of par plus accrued interest.

"This prepayment is consistent with our overall financial strategy in which our top priority is to further reduce our indebtedness," said Kimo Esplin, executive vice president and chief financial officer of the Salt Lake City-based chemical company, in a news release.

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