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(plastemart) -- Huntsman Corp., a
leading polypropylene manufacturer, has announced
prepayment of a US$110 mln under its senior secured credit facilities.
Commenting on the pre-payment, Kimo Esplin, EVP and CFO, stated, "The
pre-payment equates to the amount we received from our reinsurance carriers in
settlement of Huntsman's claims related to losses occurring as a result of the
April 29, 2006, fire at our Port Arthur, Texas, olefins facility. Since the
beginning of the year we have pre-paid approximately $300 million of our bank
term debt. We remain committed to further reducing our indebtedness in the
future."
mrcplast.com
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