Huntsman Corporation announced that its wholly owned subsidiary, Huntsman International LLC, entered into a new $1.2 billion senior unsecured, sustainability-linked revolving credit facility (the "Credit Facility") to replace the existing $1.2 billion senior unsecured revolving credit facility expiring in May of 2023.

The new Credit Facility is scheduled to mature on May 20, 2027, with improved terms and lower fees, as well as provisions to extend the maturity by up to two more years and to increase the facility size by $500 million.  Its sustainability-linked feature includes adjustments to the commitment fee and borrowing rate based on the company's performance in intensity reductions for both greenhouse gas emissions and water consumption.

Phil Lister, Executive Vice President and Chief Financial Officer, commented: "We take pride in the role we play in creating a more sustainable future. Linking our revolving credit facility to sustainability objectives supports our commitment to provide innovative solutions for a low-carbon and more sustainable economy."