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Huntsman seeks extra credit facility

From Patrick Raleigh UT On-line/news editorHouston, Texas-Huntsman International LLC is seeking to change the terms of its $400-million revolving credit facility to enable it borrow an extra $100 million. The firm also intends to extend the term of the loan to 31 Dec, 2010, from its current expiry date of 30 Sept, 2008. The move, if approved, will extend the outstanding amount under the term loan facility to $1340 million, said a 9 June Huntsman statement. The firm expects to complete the amendment and restatement of its credit facilities by 30 June. Huntsman said it would use the funds for “general corporate purposes”, including the possible construction of a polyethylene facility at its Wilton, UK, site.”

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