Huntsman International Secures $180M Receivables Facility, Extends Maturity to 2028
HUN sits 44% above its 52-week low of $7.295.
Summary
Huntsman International LLC amended its U.S. Receivables Loan Agreement, increasing lender commitments to $180 million and extending the maturity date to December 29, 2028, enhancing the company's liquidity and financial flexibility.
Key Events · Financing and Capital Events · HUN
-
Increased Lender Commitments
Lender commitments under the U.S. Receivables Loan Agreement were increased to $180 million.
-
Extended Maturity Date
The maturity date for the receivables securitization program was extended to December 29, 2028.
-
Change in Administrative Agent
The Toronto-Dominion Bank replaced PNC Bank, National Association, as the administrative agent and collateral agent for the facility.
Analysis · HUN · Industrial Applications And Services
Huntsman International LLC has significantly strengthened its financial position by amending its U.S. Receivables Loan Agreement. The increase in lender commitments to $180 million provides substantial additional liquidity, while the extension of the maturity date to December 29, 2028, significantly improves the company's financial runway and reduces near-term refinancing risk. This transaction demonstrates continued institutional support for Huntsman's accounts receivable securitization program.
At the time of this filing, HUN was trading at $10.49 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $1.8B. The 52-week trading range was $7.30 to $18.53. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.