Huntsman LLC heard to be coming to market with refi deal within weeks

By Sara Rosenberg

New York, Sept. 14 - Huntsman LLC is said to be coming to market with a new credit facility "within the next couple of weeks" that will be used to refinance existing debt, according to an informed source.

No other details on the deal were available prior to press time.

News of the possible refinancing comes on the heels of Monday's announcement that the Salt Lake City-based chemical company is looking to approach the equity market with a proposed initial public offering of common stock. Proceeds from the IPO would be used "to repay Huntsman's indebtedness," the news release said.

The company plans on filing a registration statement with the Securities and Exchange Commission regarding the IPO during the fourth quarter.

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