Huntsman Prices $350 Million Private Offering

Huntsman Corporation HUN today announced that it has priced a $350 million offering of senior subordinated notes due 2021 through its wholly owned subsidiary, Huntsman International LLC. The notes will carry an interest rate of 8 5/8% and will mature on March 15, 2021. The closing of the offering is expected to occur on September 24, 2010, subject to the satisfaction of customary closing conditions. Huntsman intends to use the net proceeds of approximately $342 million to repurchase or redeem certain of its outstanding senior subordinated notes or other indebtedness, or for general corporate purposes.