UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): December 5, 2017
Huntsman Corporation
(Exact name of registrant as specified in its charter)
|
Delaware |
|
001-32427 |
|
42-1648585 |
|
(State or other jurisdiction |
|
(Commission |
|
(IRS Employer |
Huntsman International LLC
(Exact name of registrant as specified in its charter)
|
Delaware |
|
333-85141 |
|
87-0630358 |
|
(State or other jurisdiction |
|
(Commission |
|
(IRS Employer |
|
of incorporation) |
|
File Number) |
|
Identification No.) |
|
10003 Woodloch Forest Drive |
|
|
|
The Woodlands, Texas |
|
77380 |
|
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including area code:
(281) 719-6000
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 8.01. Other Events.
On December 4, 2017, Huntsman Corporation (“Huntsman”) issued a press release announcing that it successfully completed its secondary public offering of Venator Materials PLC, a subsidiary of Huntsman, and received net proceeds of approximately $471 million. On December 5, 2017, Huntsman used these proceeds, together with cash on the balance sheet, to repay in full the $511 million remaining on its Term Loan B due 2023. Huntsman no longer has any senior secured term loans outstanding under its senior credit facilities, but will continue to have access to its revolving credit facility, which remains undrawn. The reduction of Huntsman’s debt will reduce annual cash interest expense by approximately $20 million on an annual basis, which is in addition to the previously disclosed approximately $70 million of annualized interest savings achieved this year as a result of prior debt repayments.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
|
Huntsman Corporation | |
|
|
| |
|
|
Huntsman International LLC | |
|
|
|
|
|
|
|
|
|
|
By: |
/s/ Brandon M. Gray |
|
|
Name: |
Brandon M. Gray |
|
|
Title: |
Vice President and Treasurer |
Date: December 11, 2017