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Quarterly report pursuant to Section 13 or 15(d)

DEBT (Tables)

v2.4.0.6
DEBT (Tables)
6 Months Ended
Jun. 30, 2012
Debt Ìý
Outstanding debt

Ìý

Ìý

Ìý
Ìý JuneÌý30,
2012
Ìý DecemberÌý31,
2011
Ìý

Senior Credit Facilities:

Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Term loans

Ìý $ 1,686 Ìý $ 1,696 Ìý

Amounts outstanding under A/R programs

Ìý Ìý 232 Ìý Ìý 237 Ìý

Senior notes

Ìý Ìý 483 Ìý Ìý 472 Ìý

Senior subordinated notes

Ìý Ìý 893 Ìý Ìý 976 Ìý

HPS (China) debt

Ìý Ìý 128 Ìý Ìý 167 Ìý

Variable interest entities

Ìý Ìý 271 Ìý Ìý 281 Ìý

Other

Ìý Ìý 51 Ìý Ìý 113 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý

Total debt—excluding debt to affiliates

Ìý $ 3,744 Ìý $ 3,942 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý

Total current portion of debt

Ìý $ 143 Ìý $ 212 Ìý

Long-term portion

Ìý Ìý 3,601 Ìý Ìý 3,730 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý

Total debt—excluding debt to affiliates

Ìý $ 3,744 Ìý $ 3,942 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý

Total debt—excluding debt to affiliates

Ìý $ 3,744 Ìý $ 3,942 Ìý

Notes payable to affiliates-noncurrent

Ìý Ìý 4 Ìý Ìý 4 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý

Total debt

Ìý $ 3,748 Ìý $ 3,946 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý
Schedule of Senior Credit Facilities

Ìý

Ìý

Facility
Ìý Committed
Amount
Ìý Principal
Outstanding
Ìý Carrying
Value
Ìý Interest Rate(2) Ìý Maturity Ìý

Revolving Facility

Ìý $ 400 Ìý $ â€� (1) $ â€� (1) USD LIBOR plus 2.50% Ìý Ìý 2017 (3)

Term Loan B

Ìý Ìý NA Ìý $ 304 Ìý $ 304 Ìý USD LIBOR plus 1.50% Ìý Ìý 2014 Ìý

Extended Term Loan B

Ìý Ìý NA Ìý $ 643 Ìý $ 643 Ìý USD LIBOR plus 2.50% Ìý Ìý 2017 (3)

Extended Term Loan B—SeriesÌý2

Ìý Ìý NA Ìý $ 346 Ìý $ 346 Ìý USD LIBOR plus 3.00% Ìý Ìý 2017 (3)

Term Loan C

Ìý Ìý NA Ìý $ 423 Ìý $ 393 Ìý USD LIBOR plus 2.25% Ìý Ìý 2016 Ìý

(1)
We had no borrowings outstanding under our Revolving Facility; we had approximately $17Ìýmillion (U.S. dollar equivalents) of letters of credit and bank guarantees issued and outstanding under our Revolving Facility.

(2)
The applicable interest rate of the Senior Credit Facilities is subject to certain secured leverage ratio thresholds. As of JuneÌý30, 2012, the weighted average interest rate on our outstanding balances under the Senior Credit Facilities was approximately 3%.

(3)
The maturity of the Revolving Facility commitments will accelerate if we do not repay, refinance or have a minimum level of liquidity available to enable us to repay our 5.50% senior notes due 2016, Term Loan B due AprilÌý19, 2014 and Term Loan C due JuneÌý30, 2016. The maturity of Extended Term Loan B and Extended Term Loan B—SeriesÌý2 will accelerate if we do not repay, refinance or have a minimum level of liquidity available to enable us to refinance or repay our 5.50% senior notes due 2016 that remain outstanding during the three months prior to the maturity date of such notes.
Redemption of Notes and Loss on Early Extinguishment of Debt

Ìý

Ìý

Date of Redemption
Ìý Notes Ìý Principal Amount of
Notes Redeemed
Ìý Amount Paid
(Excluding Accrued
Interest)
Ìý Loss on Early
Extinguishment of
Debt
Ìý

MarchÌý26, 2012

Ìý 7.50% Senior
Subordinated Notes
due 2015
Ìý â‚�64
(approximately $86)
Ìý â‚�65
(approximately $87)
Ìý $ 1 Ìý

JanuaryÌý18, 2011

Ìý

7.375% Senior
Subordinated Notes
due 2015

Ìý

$100

Ìý

$102

Ìý
$

3
Ìý
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Ìý
Debt Ìý
Outstanding debt

Ìý

Ìý

Ìý
Ìý JuneÌý30,
2012
Ìý DecemberÌý31,
2011
Ìý

Senior Credit Facilities:

Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Term loans

Ìý $ 1,686 Ìý $ 1,696 Ìý

Amounts outstanding under A/R programs

Ìý Ìý 232 Ìý Ìý 237 Ìý

Senior notes

Ìý Ìý 483 Ìý Ìý 472 Ìý

Senior subordinated notes

Ìý Ìý 893 Ìý Ìý 976 Ìý

HPS (China) debt

Ìý Ìý 128 Ìý Ìý 167 Ìý

Variable interest entities

Ìý Ìý 271 Ìý Ìý 281 Ìý

Other

Ìý Ìý 51 Ìý Ìý 113 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý

Total debt—excluding debt to affiliates

Ìý $ 3,744 Ìý $ 3,942 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý

Total current portion of debt

Ìý $ 143 Ìý $ 212 Ìý

Long-term portion

Ìý Ìý 3,601 Ìý Ìý 3,730 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý

Total debt—excluding debt to affiliates

Ìý $ 3,744 Ìý $ 3,942 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý

Total debt—excluding debt to affiliates

Ìý $ 3,744 Ìý $ 3,942 Ìý

Notes payable to affiliates-current

Ìý Ìý 100 Ìý Ìý 100 Ìý

Notes payable to affiliates-noncurrent

Ìý Ìý 523 Ìý Ìý 439 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý

Total debt

Ìý $ 4,367 Ìý $ 4,481 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý