ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Annual report pursuant to Section 13 and 15(d)

DEBT (Tables)

v3.19.3.a.u2
DEBT (Tables)
 12 Months Ended
Dec. 31, 2019
Debt Ìý
Schedule of outstanding debt

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

ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation

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DecemberÌý31,Ìý

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DecemberÌý31,Ìý

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ÌýÌýÌýÌý

2019

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2018

Senior Credit Facilities:

ÌýÌýÌýÌý

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�

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Revolving facility

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$

40

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$

50

Amounts outstanding under A/R programs

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167

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252

Term loan

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103

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Senior notes

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1,963

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1,892

Variable interest entities

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65

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86

Other

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51

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40

Total debt

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$

2,389

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$

2,320

Total current portion of debt

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$

212

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$

96

Long-term portion of debt

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2,177

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2,224

Total debt

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$

2,389

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$

2,320

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Schedule of maturities of debt (excluding debt to affiliates)

The scheduled maturities of our debt (excluding debt to affiliates) by year as of DecemberÌý31, 2019 are as follows (dollars in millions):

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YearÌýendingÌýDecemberÌý31,Ìý

ÌýÌýÌýÌý

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2020

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$

212

2021

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Ìý

522

2022

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Ìý

570

2023

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Ìý

1

2024

�

Ìý

2

Thereafter

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Ìý

1,082

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$

2,389
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES Ìý
Debt Ìý
Schedule of outstanding debt

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DecemberÌý31,Ìý

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DecemberÌý31,Ìý

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ÌýÌýÌýÌý

2019

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2018

Senior Credit Facilities:

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�

�

�

�

�

Revolving facility

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$

40

�

$

50

Amounts outstanding under A/R programs

�

�

167

�

�

252

Term loan

�

�

103

�

�

�

Senior notes

�

�

1,963

�

�

1,892

Variable interest entities

�

�

65

�

�

86

Other

�

�

51

�

�

40

Total debt, excluding debt to affiliates

�

$

2,389

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$

2,320

Total current portion of debt

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$

212

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$

96

Long-term portion of debt

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�

2,177

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�

2,224

Total debt, excluding debt to affiliates

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$

2,389

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$

2,320

Notes payable to affiliates-current

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100

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100

Notes payable to affiliates-noncurrent

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280

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488

Total debt

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$

2,769

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$

2,908

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Schedule of 2018 Credit Facility

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Unamortized

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DiscountsÌýand

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Committed

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Principal

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DebtÌýIssuance

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Carrying

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Facility

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Amount

ÌýÌýÌýÌý

Outstanding

ÌýÌýÌýÌý

Costs

ÌýÌýÌýÌý

Value

ÌýÌýÌýÌý

InterestÌýRate(2)

ÌýÌýÌýÌý

Maturity

2018 Revolving Credit Facility

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$

1,200

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$

40

(1)

$

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(1)

$

40

(1)

USD LIBOR plus 1.50%

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2023
(1) On December 31, 2019, we had an additional $7Ìýmillion (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 ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International’s debt ratings. The then applicable interest rate as of December 31, 2019 was 1.50% above LIBOR.
Schedule of A/R Programs

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

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ÌýÌýÌýÌý

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ÌýÌýÌýÌý

MaximumÌýFunding

ÌýÌýÌýÌý

Amount

ÌýÌýÌýÌý

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Facility

ÌýÌýÌýÌý

Maturity

ÌýÌýÌýÌý

Availability(1)

ÌýÌýÌýÌý

Outstanding

ÌýÌýÌýÌý

InterestÌýRate(2)

U.S. A/R Program

Ìý

April 2022

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$

250

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$

100

(3)ÌýÌý

Applicable rate plus 0.90%

EU A/R Program

Ìý

April 2022

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100

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�

60

Ìý

Applicable rate plus 1.30%

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(or approximately $112)

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(or approximately $67)

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(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.
(2) The applicable rate for our U.S. A/R Program is defined by the lender as USD LIBOR. The applicable rate for our EU A/R Program is either GBP LIBOR, USD LIBOR or EURIBOR.
(3) As of DecemberÌý31, 2019, we had approximately $5Ìýmillion (U.S. dollar equivalents) of letters of credit issued and outstanding under our U.S. A/R Program.
Summary of outstanding notes

As of DecemberÌý31, 2019, we had outstanding the following notes (monetary amounts in millions):

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Unamortized

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Premiums,

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Discounts

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and Debt

Notes

ÌýÌýÌýÌý

Maturity

ÌýÌýÌýÌý

InterestÌýRate

ÌýÌýÌýÌý

AmountÌýOutstanding

ÌýÌýÌýÌý

Issuance Costs

2021 SeniorÌýNotes

Ìý

April 2021

Ìý

5.125

%

â‚�445 (â‚�445 carryingÌývalue $(496))

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$

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2022 Senior Notes

Ìý

November 2022

Ìý

5.125

%

$400 ($398ÌýcarryingÌývalue)

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(2)

2025 Senior Notes

Ìý

April 2025

Ìý

4.250

%

â‚�300 (â‚�298 carryingÌývalue $(333))

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(2)

2029 Senior Notes

Ìý

February 2029

Ìý

4.500

%

$750 ($736ÌýcarryingÌývalue)

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(14)