Company Overview of Huntsman International LLC
Huntsman International LLC manufactures and sells organic and inorganic chemicals worldwide. The company’s Polyurethanes segment offers methyl diphenyl diisocyanate, propylene oxide, polyols, propylene glycol, thermoplastic polyurethane, aniline, and methyl tertiary-butyl ether for refrigeration and appliance insulation, construction products, adhesives, automotive, footwear, furniture, cushioning, specialized engineering, and fuel additives applications. Its Performance Products segment provides amines, surfactants, linear alkyl benzene, maleic anhydride, other performance chemicals, ethylene glycol, olefins, and technology licenses for detergents, personal care products, agrochemicals, lub...
500 Huntsman Way
Salt Lake City, UT 84108
Founded in 1970
Key Executives for Huntsman International LLC
Chief Executive Officer, President and Director
Founder and Executive Chairman
Chief Financial Officer and Executive Vice President
Chief Executive Officer of Asia Pacific and Division President of Polyurethanes
Division President of Pigments
Compensation as of Fiscal Year 2016.
Huntsman International LLC Key Developments
Huntsman International LLC Enters into the Sixteenth Amendment to Credit Agreement with JPMorgan Chase Bank, N.A
Nov 16 16
On November 15, 2016, Huntsman International LLC entered into the Sixteenth Amendment to Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the other financial institutions party thereto. Among other things, the amendment provides for a new term loan facility in an aggregate principal amount of $350 million (the 2021 Term B Loans) and a new term loan facility in an aggregate principal amount of $1,375 million (the 2023 Term B Loans), the proceeds of which were, in each case used, together with cash on hand, to repay in full HI’s 2014-1 Additional Term Loans due 2021 and HI’s 2016 Term B Loans due 2023. The 2021 Term B Loans have a stated maturity date of October 1, 2021 and the 2023 Term B Loans have a stated maturity date of April 1, 2023, in each case, with a springing maturity date in the event that certain earlier-maturing senior notes issued by HI are not repaid or refinanced prior to their maturity date and HI does not have sufficient cash or available lines of credit at such time. The 2021 Term B Loans and the 2023 Term B Loans bear interest at a rate per annum equal to an applicable margin plus, at the HI’s option, either LIBOR (which is subject to a 0.75% floor) or base rate (which is subject to a 1.75% floor). The margin for borrowings under the 2021 Term B Loan Facility are 2.75% for LIBOR and 1.75% for base rate. The margin for borrowings under the 2023 Term B Loan Facility are 3.00% for LIBOR and 2.00% for base rate. The 2021 Term B Loans and the 2023 Term B Loans will amortize in an amount equal to 1% of the principal amount of the 2021 Term B Loans or 2023 Term B Loans, respectively, payable quarterly commencing on December 31, 2016.
Huntsman International LLC Closes $350 Million Term Loan B Due 2021 and $1,375 Million Term Loan B Due 2023
Nov 16 16
Huntsman Corporation announced that its wholly owned subsidiary, Huntsman International LLC closed a new $350 million term loan B due 2021 and a new $1,375 million term loan B due 2023. Proceeds from the new term loans were used to repay in full its previous term loan B due 2021 and term loan B due 2023. As a result of this refinancing, the company extended $829 million of term loan maturities from 2021 to 2023 and did not increase its overall indebtedness. The interest rate for the new term loan B due 2021 is LIBOR plus 2.75% and the interest rate for the new term loan B due 2023 is LIBOR plus 3.00%, each with a LIBOR floor of 0.75%. The company estimates that interest savings from the refinancing will be approximately $4 million per year.
U.S. Government Files $90 Billion False Claims Act Lawsuit against BASF Corporation, Bayer Material Science LLC, Dow Chemical Company and Huntsman International LLC
Sep 22 16
Hybrid Coating Technologies Inc. announced that the U.S. government, represented by Kasowitz, Benson, Torres & Friedman LLP, has launched a $90 billion False Claims Act (FCA) lawsuit against BASF Corporation, Bayer Material Science LLC, Dow Chemical Company and Huntsman International LLC. These companies have been accused of selling billions of dollars’ worth of harmful isocyanate chemicals but intentionally concealing their dangers to consumers and the U.S. Environmental Protection Agency (EPA) over the past several decades. In the suit, the law firm said that the defendants manufacture and sell isocyanate chemicals such as methylene diphenyl diisocyanate (MDI), polymeric MDI (PMDI) and toluene diisocyanate (TDI). These raw materials make up polyurethane products such as liquid coatings, paints and adhesives; flexible foam used in mattresses and cushions; rigid foam used as insulation; and elastomers used to make automotive interiors. The companies have been accused of selling billions of dollars worth of harmful isocyanate chemicals but intentionally concealing their dangers to consumers and the U.S. Environmental Protection Agency (EPA) over the past several decades.
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