Huntsman Corporation (NYSE:HUN) Files An 8-K Other Events
Item8.01 Other Events.
On June29, 2017, Huntsman Corporation (the Company) issued a
press release announcing the pricing of $375 million in aggregate
principal amount of senior notes due 2025 (the Notes) to be
issued by two of its wholly owned subsidiaries, Venator Finance
S. r.l. and Venator Materials Corporation (each, a Co-Issuer and,
together, the Issuers). Following the completion of an internal
reorganization, the Issuers will be subsidiaries of Venator
Materials PLC, a public limited company organized under the laws
of England and Wales (Venator) and a wholly-owned subsidiary of
the Company formed for the purpose of holding the Pigments and
Additives business that is expected to be separated from the
Company in connection with its anticipated initial public
offering (the Venator IPO). The Notes will carry an interest rate
of 5.75% and will mature on July 15, 2025. If (i)the Venator IPO
does not close and certain other conditions are not satisfied on
or prior to March31, 2018 or (ii)in the reasonable judgment of
the Issuers, the Venator IPO will not close and such other
conditions will not be satisfied on or prior to March31, 2018,
the Notes will be subject to a special mandatory redemption. The
special mandatory redemption price will be a price equal to 50%
of the issue price of the Notes, plus accrued and unpaid interest
from the issue date of the Notes to, but not including, the
redemption date. The Company is filing a copy of the press
release as Exhibit99.1 hereto, which is incorporated by reference
to this Item 8.01.
The press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state in which the offer, solicitation or
sale would be unlawful prior to the registration or qualification
under the securities laws of any such state.
Item9.01 Financial Statements and Exhibits.
(d) Exhibits.
ExhibitNumber |
|
Description |
99.1 |
Press Release dated June29, 2017. |
HUNTSMAN INTERNATIONAL LLC ExhibitEX-99.1 2 a17-15877_1ex99d1.htm EX-99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE Media: Investor Relations: June 29,…To view the full exhibit click here
About Huntsman Corporation (NYSE:HUN)
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). It operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives. Its Polyurethanes, Performance Products, Advanced Materials and Textile Effects segments produce differentiated organic chemical products, and its Pigments and Additives segment produces inorganic chemical products. Its products consist of a range of chemicals and formulations, which the Company markets to consumer and industrial customers. Its products are used in a range of applications, including those in the adhesives, aerospace, automotive, construction products, personal care and hygiene, electronics, medical, packaging, paints and coatings, power generation, synthetic fiber, textile chemicals and dye industries.