Huntsman announces US$110 mln debt pre-payment

23-Jun-10

Huntsman Corporation has announced prepayment of a US$110 mln under its senior secured credit facilities. Commenting on the pre-payment, Kimo Esplin, EVP and CFO, stated, "The pre-payment equates to the amount we received from our reinsurance carriers in settlement of Huntsman's claims related to losses occurring as a result of the April 29, 2006, fire at our Port Arthur, Texas, olefins facility. Since the beginning of the year we have pre-paid approximately $300 million of our bank term debt. We remain committed to further reducing our indebtedness in the future."