Huntsman International ups revolver by $65 million to $290 million

By Angela McDaniels

Tacoma, Wash., Sept. 30 - Huntsman International LLC said it increased the size of its revolving credit facility on Thursday to $290 million from $225 million.

There are currently no borrowings under the revolver, according to an 8-K filing with the Securities and Exchange Commission.

The increase was provided for in the amendment made to the revolver in March.

As previously reported, the amendment extended the revolver to March 9, 2014, increased pricing by 175 basis points, increased the commitment fee to a range of 50 bps to 75 bps, capped the size at $300 million and reduced the letter-of-credit sublimit to $75 million.

JPMorgan is the administrative agent.

The borrower is a subsidiary of Huntsman Corp., a chemical company based in Salt Lake City.

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