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)

3 Months Ended

Mar. 31, 2019

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	March听31,听		听	December听31,听
听	听听听听	2019		听	2018
Senior Credit Facilities:	听听听听	听	听	听	听	听
Revolving facility	听	$	235	听	$	50
Amounts outstanding under A/R programs	听	听	276	听	听	252
Senior notes	听	听	1,969	听	听	1,892
Variable interest entities	听	听	85	听	听	86
Other	听	听	34	听	听	40
Total debt	听	$	2,599	听	$	2,320
Total current portion of debt	听	$	276	听	$	96
Long-term portion of debt	听	听	2,323	听	听	2,224
Total debt	听	$	2,599	听	$	2,320

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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	March听31,听		听	December听31,听
听	听听听听	2019		听	2018
Senior Credit Facilities:	听	听	听	听	听	听
Revolving facility	听	$	235	听	$	50
Amounts outstanding under A/R programs	听	听	276	听	听	252
Senior notes	听	听	1,969	听	听	1,892
Variable interest entities	听	听	85	听	听	86
Other	听	听	34	听	听	40
Total debt, excluding debt to affiliates	听	$	2,599	听	$	2,320
Total current portion of debt	听	$	276	听	$	96
Long-term portion of debt	听	听	2,323	听	听	2,224
Total debt, excluding debt to affiliates	听	$	2,599	听	$	2,320
Total debt, excluding debt to affiliates	听	$	2,599	听	$	2,320
Notes payable to affiliates-current	听	听	100	听	听	100
Notes payable to affiliates-noncurrent	听	听	454	听	听	488
Total debt	听	$	3,153	听	$	2,908

听

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 March 31, 2019, 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

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Carrying

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Facility

Amount

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Outstanding

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Costs

听听听听

Value

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Interest听Rate(2)

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Maturity

2018 Revolving Credit Facility

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1,200

听

235

(1)

听鈥�

(1)

235

(1)

USD LIBOR plus 1.50%

听

2023

(1)

On March 31, 2019, we had an additional $8听million (U.S. dollar equivalents) of letters of credit and bank guarantees issued and outstanding under our 2018 Revolving Credit Facility.

听

(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 March 31, 2019 was 1.50% above LIBOR.

Schedule of A/R Programs

Information regarding our A/R Programs as of March 31, 2019 was as follows (monetary amounts in millions):

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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	$	190	(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 $169)	听	听	(approximately $86)	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. Applicable rate for our EU A/R Program is either GBP LIBOR, USD LIBOR or EURIBOR.

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(3)

As of March 31, 2019, we had approximately $5 million (U.S. dollar equivalents) of letters of credit issued and outstanding under our U.S. A/R Program.

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