Huntsman seeks to extend revolver, term loan maturities, get $100 million term loan add-on

By Sara Rosenberg

New York, June 8 - Huntsman International LLC is looking for lender approval to extend its $400 million revolving credit facility through Sept. 30, 2008, to borrow an additional $100 million under its term loan bringing the outstanding term loan balance to $1.34 billion and to extend the term loan to Dec. 31, 2010, according to a company news release.

The incremental term loan proceeds will be used for general corporate purposes, which may include the construction of the low-density polyethylene facility at the Wilton, U.K., site.

The amendment and restatement is expected to be completed by June 30.

Huntsman is a Houston chemical company.

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