Huntsman to redeem $100 million of 7 3/8% bonds due 2015

By Toni Weeks

San Diego, Dec. 20 - Huntsman Corporation announced it will redeem $100 million of its 7 3/8% senior subordinated notes due 2015, according to a press release. The redemption will be completed in January.

"During 2010 we have extended the maturity of our revolving credit facility by four years and refinanced approximately $900 million of senior subordinated debt, extending these maturities by almost seven years," said Kimo Esplin, executive vice president and chief financial officer, in a news release.

"We have a strong liquidity position and project favorable free cash-flow generation on the horizon. We are committed to further reducing indebtedness in the future."

Huntsman, based in the Woodlands, Texas, is a manufacturer of differentiated chemicals.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.