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, Director, Chief Executive Officer of Huntsman International Holdings LLC, Chief Executive Officer of Huntsman Corp, President of Huntsman Corp, President of Huntsman International Holdings LLC and Manager of Huntsman International Holdings LLC
Founder, Executive Chairman, Chairman of The Board of Managers - Huntsman International Holdings LLC and Chairman of Huntsman Corp
Chief Financial Officer, Executive Vice President and Manager of Huntsman International Holdings Llc
Chief Executive Officer of Asia Pacific and Division President of Polyurethanes
Division President of Performance Products
Compensation as of Fiscal Year 2016.
Huntsman International LLC Key Developments
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.
Huntsman International LLC Extends Exchange Offer Expiration Date
Apr 8 16
Huntsman International LLC has extended the expiration date of its offer to exchange (the Exchange Offer) all of its outstanding 5.125% Senior Notes due 2022 and 4.25% Senior Notes due 2025 (the Old Notes) for an equal principal amount of 5.125% Senior Notes due 2022 and 4.25% Senior Notes due 2025 that have been registered under the Securities Act of 1933, as amended (the Securities Act). The Exchange Offer was originally scheduled to expire at 5:00 p.m., New York City time, on April 6, 2016. The expiration date of the Exchange Offer has been extended until 5:00 p.m., New York City time, on April 8, 2016. Huntsman has extended the expiration date in order to allow all note holders ample opportunity to tender their Old Notes in connection with the Exchange Offer. Old Notes tendered for exchange may be withdrawn at any time prior to the expiration of the Exchange Offer.
Huntsman International LLC Enters into Fifteenth Amendment to Credit Agreement with JPMorgan Chase Bank
Apr 6 16
On April 1, 2016, Huntsman International LLC, a wholly-owned subsidiary of Huntsman Corporation, entered into the Fifteenth 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 to refinance existing term loans pursuant to the Credit Agreement in an aggregate principal amount of $550 million (the “2016 Term B Loans”), the net proceeds of which were used to repay in full HI’s Term C Dollar Loans due 2016 and 2015 Non-Extended Term B Dollar Loans due 2017. The 2016 Term B Loans will mature on April 1, 2023, provided that the maturity date will accelerate if they do not repay, refinance or have a minimum level of liquidity available to enable them to repay certain of HI’s senior notes upon their maturity. The 2016 Term B Loans will be subject to the same prepayment events, covenants and events of default as HI’s existing senior secured term loan facilities. The 2016 Term B Loans bear interest at a rate per annum equal to an applicable margin plus, at HI’s option, either LIBOR (which is subject to a 0.75% floor) or the base rate (which is subject to a 1.75% floor). The margins for borrowings under the 2016 Term B Loan Facility are 3.50% for LIBOR and 2.50% for base rate. The 2016 Term B Loans will amortize in an amount equal to 1% of the principal amount of the 2016 Term B Loans, payable quarterly commencing on June 30, 2016. The Amendment also extends the stated termination date of the senior secured revolving commitments under the Credit Agreement from March 20, 2017 to March 20, 2021 (the “Extended Revolving Commitments”); provided that the maturity date of the revolving commitments will accelerate if they do not repay, refinance or have a minimum level of liquidity available to enable them to repay HI’s Term B Dollar Loans due 2019 or certain of HI’s senior notes upon their maturity. The Amendment further increases the capacity for such senior secured revolving commitments in an aggregate amount of $25 million (from $625 million to $650 million) (the “Revolving Increase”). Borrowings under the Extended Revolving Commitments and the Revolving Increase will bear interest at the same rate as the existing revolving commitments.
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