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People & Business :: Companies

Huntsman Completes Bond Issue

10:19 AM MDT | September 28, 2010 | Vincent Valk

Huntsman's previously announced $350 million bond issue has been completed, the company announced. The proceeds from the issue are going towards buying back two classes of outstanding debt. The first buyback, of about $177 million in bonds with a 6.875% interest rate, has been completed. Those bonds were due in 2013. The second buyback, of $165 million in 7.875% bonds due 2014, expires on October 8. So far, the company has repurchased $159 million of the $165 million principal. Huntsman will incur a $14 million early retirement charge for buying back the two...

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