乐天堂fun88(中国区)官方网站 Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

DEBT (Tables)

DEBT (Tables)

9 Months Ended

Sep. 30, 2018

Debt

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Schedule of outstanding debt

Outstanding debt, net of debt issuance costs, consisted of the following (dollars in millions):

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乐天堂fun88(中国区)官方网站 Corporation

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听	听	听	听	听	听	听
听	听	September听30,听		听	December听31,听
听	听听听听	2018		听	2017
Revolving credit facility	听	$	175	听	$	听鈥�
Amounts outstanding under A/R programs	听	听	269	听	听	180
Senior notes	听	听	1,917	听	听	1,927
Variable interest entities	听	听	94	听	听	107
Other	听	听	22	听	听	84
Total debt	听	$	2,477	听	$	2,298
Total current portion of debt	听	$	200	听	$	40
Long-term portion of debt	听	听	2,277	听	听	2,258
Total debt	听	$	2,477	听	$	2,298

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HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES

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Debt

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Schedule of outstanding debt

听	听	听	听	听	听	听
听	听	September听30,听		听	December听31,听
听	听听听听	2018		听	2017
Revolving credit facility	听	$	175	听	$	听鈥�
Amounts outstanding under A/R programs	听	听	269	听	听	180
Senior notes	听	听	1,917	听	听	1,927
Variable interest entities	听	听	94	听	听	107
Other	听	听	22	听	听	84
Total debt, excluding debt to affiliates	听	$	2,477	听	$	2,298
Total current portion of debt	听	$	200	听	$	40
Long-term portion of debt	听	听	2,277	听	听	2,258
Total debt, excluding debt to affiliates	听	$	2,477	听	$	2,298
Total debt, excluding debt to affiliates	听	$	2,477	听	$	2,298
Notes payable to affiliates-current	听	听	100	听	听	100
Notes payable to affiliates-noncurrent	听	听	听589	听	听	742
Total debt	听	$	3,166	听	$	3,140

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Schedule of 2018 Credit Facility

Upon the termination of the Prior Credit Facility, all guarantees of the obligations under the Prior Credit Facility were terminated, and all liens granted under the Prior Credit Facility were released. As of September 30, 2018, our 2018 Revolving Credit Facility was as follows (dollars in millions):

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Unamortized

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Discounts听and

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Committed

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Principal

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Debt听Issuance

听

Carrying

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Facility

听听听听

Amount

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Outstanding

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Costs

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Value

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Interest听Rate(2)

听听听听

Maturity

2018 Revolving Credit Facility

听

1,200

听

听175

(1)

听鈥�

(1)

听175

(1)

LIBOR plus 1.75%

听

2023

(1)

On September 30, 2018, we had an additional $9听million (U.S. dollar equivalents) of letters of credit and bank guarantees issued and outstanding under our 2018 Revolving Credit Facility.

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(2)

Interest rates on borrowings under the 2018 Revolving Credit Facility vary based on the type of loan and 乐天堂fun88(中国区)官方网站 International鈥檚 debt ratings. The then applicable interest rate as of September 30, 2018 was 1.75% above LIBOR.

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Schedule of A/R Programs

Information regarding our A/R Programs as of September 30, 2018 was as follows (monetary amounts in millions):

听	听	听	听	听	听	听	听	听	听	听
听	听听听听	听	听听听听	Maximum听Funding		听听听听	Amount		听听听听	听
Facility	听听听听	Maturity	听听听听	Availability(1)		听听听听	Outstanding		听听听听	Interest听Rate(2)
U.S. A/R Program	听	April 2020	听	$	250	听	$	180	(3)听听	Applicable rate plus 0.95%
EU A/R Program	听	April 2020	听	鈧�	150	听	鈧�	76	听	Applicable rate plus 1.30%
听	听	听	听	听	(approximately $176)	听	听	(approximately $89)	听	听

(1)

The amount of actual availability under our A/R Programs may be lower based on the level of eligible receivables sold, changes in the credit ratings of our customers, customer concentration levels and certain characteristics of the accounts receivable being transferred, as defined in the applicable agreements.

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(2)

The applicable rate for our U.S. A/R Program is defined by the lender as either USD LIBOR or CP rate. The applicable rate for our EU A/R Program is either GBP LIBOR, USD LIBOR or EURIBOR. In addition, the U.S. SPE and the EU SPE are obligated to pay unused commitment fees to the lenders based on the amount of each lender鈥檚 commitment.

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(3)

As of September 30, 2018, we had approximately $5听million (U.S. dollar equivalents) of letters of credit issued and outstanding under our U.S. A/R Program.

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