Huntsman increases senior secured revolving commitment by $25 million

By Marisa Wong

Madison, Wis., Oct. 7 – Huntsman Corp. wholly owned subsidiary Huntsman International LLC entered into a 13th amendment to its credit agreement dated Aug. 16, 2005 with JPMorgan Chase Bank, NA as administrative agent to increase the senior secured revolving commitment by $25 million to $625 million, according to an 8-K filing with the Securities and Exchange Commission.

The company entered into the amendment on Oct. 1.

The commitments under the revolver increase will mature on the same date as the existing revolving loans, and borrowings under the increase will bear interest at the same rate as the existing loans, the filing noted.

The company previously amended its credit agreement to provide for a $1.2 billion seven-year senior credit term loan facility and increase the senior secured revolving commitment by $200 million. Those amendments were made on Aug. 12 and Aug. 13, as previously reported.

Huntsman is a Salt Lake City-based chemical manufacturer.

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