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| HUN > SEC Filings for HUN > Form 8-K on 12-Mar-2013 | All Recent SEC Filings |
12-Mar-2013
Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligati
On March 11, 2013, Huntsman International LLC ("HI"), a wholly-owned subsidiary of Huntsman Corporation ("HC"), entered into an Eighth Amendment (the "Amendment") to the Credit Agreement dated as of August 16, 2005 (as amended, the "Credit Agreement") with JPMorgan Chase Bank, N.A., as Administrative Agent.
The Amendment provides for a facility of additional term loans (the "Additional Term Loans") pursuant to the Credit Agreement in the amount of $225 million, the net proceeds of which will be used to repay in full the remaining approximately $193 million outstanding balance under HI's existing Non-Extended Term B Loan Facility under the Credit Agreement that matures on April 14, 2014 and for other permitted purposes under the Credit Agreement. The Additional Term Loans have terms identical to HI's existing Extended Term B Loan Facility that matures on April 19, 2017.
The Additional Term Loans will amortize in an amount equal to 1% of the principal amount of the Additional Term Loans, payable annually commencing on March 31, 2014.
The foregoing does not constitute a complete summary of the terms of the Amendment. The description of the terms of the Amendment is qualified in its entirety by reference to such agreement, attached hereto as Exhibit 10.1 and incorporated herein by reference.
The information included in Item 1.01 is incorporated herein by reference.
(d) Exhibits.
Exhibit Number Description
10.1 Eighth Amendment, dated as of March 11, 2013, to Credit Agreement,
dated as of August 16, 2005, among Huntsman International LLC, the
lenders from time to time party thereto, and JPMorgan Chase Bank,
N.A., as administrative agent.
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