Huntsman International LLC Temporarily Suspends Exchange Offer
25 August 2005 - 12:57AM
PR Newswire (US)
SALT LAKE CITY, Aug. 24 /PRNewswire-FirstCall/ -- Huntsman
International LLC (the "Company") announced today that it has
temporarily suspended its offer to exchange (the "Exchange Offer")
all of its outstanding (i) $175,000,000 principal amount 7 3/8%
Senior Subordinated Notes due 2015 (the "old dollar notes") for an
equal principal amount of 7 3/8% Senior Subordinated Notes due 2015
that have been registered under the Securities Act of 1933, as
amended (the "Securities Act") and (ii) 135,000,000 euro principal
amount 7 1/2% Senior Subordinated Notes due 2015 (collectively with
the old dollar notes, the "old notes") for an equal principal
amount of 7 1/2% Senior Subordinated Notes due 2015 that have been
registered under the Securities Act. The Exchange Offer was
originally scheduled to expire at 5:00 p.m., New York City time, on
August 26, 2005. As a result of this suspension, the expiration
date of the Exchange Offer has been extended until further notice.
On August 16, 2005, the Company's affiliate Huntsman LLC was merged
with and into the Company. As a result of the merger, pursuant to
applicable rules of the Securities and Exchange Commission (the
"SEC"), the Company is required to temporarily suspend the Exchange
Offer until it files certain additional financial statements with
the SEC. The Company expects to resume the Exchange Offer, subject
to applicable law, once the required financial statements have been
filed. During the suspension period, the exchange agents will not
accept any tenders of old notes and will return all previously
tendered old notes to the tendering holders. The Company will
provide notice of the resumption of the Exchange Offer and of the
extended expiration date of the Exchange Offer as soon as
practicable. This announcement is not an offer to exchange, or the
solicitation of an offer to exchange, with respect to the old
notes. The Exchange Offer is being made solely by a prospectus
dated July 28, 2005 (as may be amended or supplemented), and the
Exchange Offer, as suspended hereby, remains subject to the terms
and conditions stated therein. Statements in this release that are
not historical are forward-looking statements. These statements are
based on management's current beliefs and expectations. The
forward-looking statements in this release are subject to
uncertainty and changes in circumstances and involve risks and
uncertainties that may affect the company's operations, markets,
products, services, prices and other factors as discussed in the
Huntsman companies' filings with the Securities and Exchange
Commission. Significant risks and uncertainties may relate to, but
are not limited to, financial, economic, competitive,
environmental, political, legal, regulatory and technological
factors. Accordingly, there can be no assurance that the company's
expectations will be realized. The company assumes no obligation to
provide revisions to any forward-looking statements should
circumstances change, except as otherwise required by securities
and other applicable laws. DATASOURCE: Huntsman International LLC
CONTACT: Investor Relations, John Heskett of Huntsman International
LLC, +1-801-584-5700
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