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Huntsman Extends Consent Period for Secured Notes

Published on 2005-07-07. Author : SpecialChem

SALT LAKE CITY -- Huntsman Corporation (NYSE: HUN - News) announced that the expiration time for the previously announced consent solicitation under which its subsidiary, Huntsman LLC, is soliciting consents to amendments to the indenture governing its 11 5/8% Senior Secured Notes due 2010 ("secured notes") has been extended until 5:00 p.m. Eastern Time on Thursday, July 7, 2005.

All provisions of the consent solicitation with respect to the secured notes as set forth in Huntsman's consent solicitation statement dated June 17, 2005, as amended, remain applicable. Huntsman reserves the right to further amend the consent solicitation for the secured notes or further extend the expiration time in its sole discretion.

Huntsman is a global manufacturer and marketer of commodity and differentiated chemicals. Its operating companies manufacture basic products for a variety of global industries including chemicals, plastics, automotive, aviation, footwear, paints and coatings, construction, technology, agriculture, health care, textiles, detergent, personal care, furniture, appliances and packaging. Originally known for pioneering innovations in packaging, and later, rapid and integrated growth in petrochemicals, Huntsman today has revenues of $11.5 billion, 11,300 employees and 62 operations in 22 countries.

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.

Source: Huntsman Corporation

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