By Paul A. Harris
Portland, Ore., May 28 - Huntsman International LLC's priced an upsized €145 million add-on to its non-callable 5 1/8% senior notes due April 15, 2021 at 103.25 to yield 4.62% on Wednesday, according to a market source.
The deal was increased from €100 million.
Barclays and HSBC managed the sale.
The issuer, a wholly owned subsidiary of Salt Lake City-based chemical company Huntsman Corp., plans to use the proceeds for general corporate purposes.
The original €300 million issue priced at par on Dec. 11, 2013.
| Issuer: | Huntsman International LLC
|
| Amount: | €145 million, upsized from €100 million
|
| Maturity: | April 15, 2021
|
| Security description: | Add-on to 5 1/8% senior notes due April 15, 2021
|
| Managers: | Barclays, HSBC
|
| Coupon: | 5 1/8%
|
| Price: | 103.25
|
| Yield: | 4.62%
|
| Call protection: | Non-callable
|
| Trade date: | May 28
|
| Distribution: | Rule 144A and Regulation S
|
| Marketing: | Quick to market
|
| Original issue: | €300 million priced at par on Dec. 11, 2013
|
| Total issue size: | €445 million
|
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