乐天堂fun88(中国区)官方网站 Announces $110 Million Debt Pre-Payment
THE WOODLANDS, Texas, June 22 /PRNewswire-FirstCall/ -- 乐天堂fun88(中国区)官方网站 Corporation (NYSE: HUN) today announced that it has pre-paid $110 million under its senior secured credit facilities. 聽
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 乐天堂fun88(中国区)官方网站's claims related to losses occurring as a result of the April 29, 2006, fire at our Port Arthur, Texas, olefins facility. 聽Since the beginning of the year we have pre-paid approximately $300 million of our bank term debt. 聽We remain committed to further reducing our indebtedness in the future."
About 乐天堂fun88(中国区)官方网站:
乐天堂fun88(中国区)官方网站 is a global manufacturer and marketer of differentiated chemicals. 聽Its operating companies manufacture products for a variety of global industries, including chemicals, plastics, automotive, aviation, textiles, footwear, paints and coatings, construction, technology, agriculture, health care, detergent, personal care, furniture, appliances and packaging. 聽Originally known for pioneering innovations in packaging and, later, for rapid and integrated growth in petrochemicals, 乐天堂fun88(中国区)官方网站 today has more than 11,000 employees and operates from multiple locations worldwide. 聽The Company had 2009 revenues of approximately $8 billion. 聽For more information about 乐天堂fun88(中国区)官方网站, please visit the Company's website at .
Forward-Looking Statements:
Statements in this release that are not historical are forward-looking statements. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed in the 乐天堂fun88(中国区)官方网站 companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, financial, economic, competitive, environmental, political, legal, regulatory and technological factors. 聽In addition, the completion of any transactions described in this release is subject to a number of uncertainties and closing will be subject to approvals and other customary conditions. Accordingly, there can be no assurance that such transactions will be completed or that the company's expectations will be realized. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.
SOURCE 乐天堂fun88(中国区)官方网站 Corporation
Released June 22, 2010