Huntsman International seeks $350 million term loan add-on

By Sara Rosenberg

New York, Dec. 5 - Huntsman International LLC is in-market with a $350 million add-on to its term loan B that will be used to refinance debt and take out a minority shareholder of Huntsman Advanced Materials, according to a market source.

Deutsche Bank is the lead bank on the deal that was launched with a conference call on Friday.

The $350 million is being layered into the existing deal, so pricing on the add-on will be at Libor plus 175 basis points, the source added.

Huntsman is a Salt Lake City-based chemical company.

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