Huntsman Corp Files 8-K with Material Agreement

TL;DR

Huntsman Corp signed a new material definitive agreement on 9/24.

AI Summary

On September 24, 2024, Huntsman International LLC, a subsidiary of Huntsman Corp, entered into a Material Definitive Agreement. The filing also includes other events and financial statements/exhibits, with the report date as September 24, 2024.

Why It Matters

This 8-K filing indicates a significant new agreement for Huntsman Corp, which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that may affect the company's financial health and stock price.

Key Players & Entities

• Huntsman International LLC (company) — Subsidiary entering into agreement
• Huntsman Corp (company) — Parent company
• 20240924 (date) — Report date and date of agreement

FAQ

Key Financial Figures

• $0.01 — n Corporation Common Stock, par value $0.01 per share HUN New York Stock Exchan
• $350,000,000 — nternational LLC (the "Issuer"), issued $350,000,000 in aggregate principal amount of its 5.

Filing Documents

• tm2424456d7_8k.htm (8-K) — 44KB
• tm2424456d7_ex1-1.htm (EX-1.1) — 213KB
• tm2424456d7_ex4-1.htm (EX-4.1) — 480KB
• tm2424456d7_ex4-2.htm (EX-4.2) — 269KB
• tm2424456d7_ex5-1.htm (EX-5.1) — 14KB
• tm2424456d7_ex5-1img001.jpg (GRAPHIC) — 4KB
• tm2424456d7_ex5-1img002.jpg (GRAPHIC) — 3KB
• 0001104659-24-103135.txt ( ) — 1454KB
• hun-20240924.xsd (EX-101.SCH) — 3KB
• hun-20240924_def.xml (EX-101.DEF) — 26KB
• hun-20240924_lab.xml (EX-101.LAB) — 35KB
• hun-20240924_pre.xml (EX-101.PRE) — 24KB
• tm2424456d7_8k_htm.xml (XML) — 8KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On September 24, 2024, Huntsman Corporation's wholly-owned subsidiary, Huntsman International LLC (the "Issuer"), issued $350,000,000 in aggregate principal amount of its 5.700% Senior Notes due 2034 (the "Notes"), pursuant to the Indenture, dated as of September 26, 2024 (the "Base Indenture"), by and between the Issuer and U.S. Bank Trust Company, National Association, as trustee (the "Trustee"), as supplemented by the First Supplemental Indenture, dated as of September 26, 2024, by and between the Issuer and the Trustee (the "Supplemental Indenture" and, together with the Base Indenture, the "Indenture"). The Notes were sold pursuant to the Underwriting Agreement (as defined below). The Notes are general unsecured senior obligations of the Issuer. Interest on the Notes will accrue from September 26, 2024 and will be payable on April 15 and October 15 of each year, beginning April 15, 2025, at a rate of 5.700% per year. The Notes will mature on October 15, 2034. The Indenture imposes certain limitations on the ability of the Issuer and its subsidiaries to, among other things, incur additional indebtedness secured by any principal properties, enter into sale and leaseback transactions with respect to any principal properties and consolidate or merge with or into any other person or lease, sell or transfer all or substantially all of its properties and assets. The Issuer may, at its option, redeem some or all of the Notes at the applicable make-whole price set forth in the Notes (which shall be calculated with the applicable U.S. treasury rate plus 30 basis points), plus accrued and unpaid interest to, but not including, the date of redemption. In addition, at any time on or after July 15, 2034 (three months prior to the maturity date of the Notes), the Company may redeem some or all of the Notes at par, plus accrued and unpaid interest to, but not including, the date of redemption. Upon the occurrence of c

01. Other Events

Item 8.01. Other Events. On September 24, 2024, the Issuer entered into an underwriting agreement (the "Underwriting Agreement") with BofA Securities, Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, as representatives of the several underwriters named in Schedule A thereto, with respect to the issuance and sale of the Notes. The Underwriting Agreement contains representations, warranties and covenants of the parties thereto, conditions to closing, indemnification obligations of the parties thereto and termination and other customary provisions. The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Underwriting Agreement, which is filed as Exhibit 1.1 hereto and is incorporated herein by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. Exhibit Number Description 1.1 Underwriting Agreement, dated as of September 24, 2024, among Huntsman International LLC and BofA Securities, Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, as representatives of the several underwriters named in Schedule A thereto. 4.1 Indenture, dated as of September 26, 2024, by and between Huntsman International LLC and U.S. Bank Trust Company, National Association, as trustee. 4.2 First Supplemental Indenture, dated as of September 24, 2024, by and between Huntsman International LLC and U.S. Bank Trust Company, National Association, as trustee. 4.3 Form of 5.700% Senior Notes due 2034 (included as Exhibit A to Exhibit 4.2). 5.1 Opinion of Kirkland & Ellis LLP. 23.1 Consent of Kirkland & Ellis LLP (included in Exhibit 5.1). 104 Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HUNTSMAN CORPORATION HUNTSMAN INTERNATIONAL LLC BY: /s/ Claire Mei Claire Mei Vice President and Treasurer Date: September 26, 2024

View Full Filing

View this 8-K filing on SEC EDGAR