Huntsman Corporation

02/13/2026 | Press release | Distributed by Public on 02/13/2026 15:19

Material Agreement, Financial Obligation, Termination of Material Agreement (Form 8-K)

Item 1.01. Entry into a Material Definitive Agreement.

On February 9, 2026, Huntsman International LLC ("HI"), a wholly-owned subsidiary of Huntsman Corporation, entered into a Credit Agreement with Citibank, N.A., as Administrative Agent and Collateral Agent, and the lenders thereto, in connection with an $800 million senior secured revolving credit facility (the "Credit Agreement"). HI may increase the credit facility commitments by up to $400 million, plus additional amounts, subject to certain leverage ratio tests and the satisfaction of certain conditions set forth in the Credit Agreement. Unless previously terminated in accordance with its terms, the Credit Agreement will mature on February 9, 2031.

The obligations of HI under the Credit Agreement are secured by a lien on substantially all of the U.S. personal property assets of HI and certain of its wholly-owned domestic subsidiaries (subject to certain exclusions) and are guaranteed by such wholly-owned domestic subsidiaries.

Borrowings under the Credit Agreement will bear interest, at HI's option at a rate determined by the Alternate Base Rate, Term SOFR Rate, Adjusted EURIBOR Rate or SONIA (each, as defined in the Credit Agreement), subject to a 0.00% floor with respect to Alternate Base Rate borrowings, and an applicable margin that ranges from 0.50% to 1.00% per annum with respect to Alternate Base Rate borrowings and 1.50% to 2.00% per annum with respect to Term Benchmark borrowings (as defined in the Credit Agreement) and SONIA borrowings, based on HI's leverage ratio, as calculated in accordance with the Credit Agreement. HI is also required to pay certain fees in connection with the Credit Agreement, including commitment fees on a quarterly basis in respect of the unutilized portion of the commitments under the Credit Agreement and certain fees to each of the lenders upon the effectiveness of the Credit Agreement.

The Credit Agreement contains customary representations and warranties, as well as affirmative and negative covenants. Negative covenants include, among others, customary covenants that restrict the ability of HI and its restricted subsidiaries, without the approval of requisite lenders, to engage in certain fundamental transactions, incur debt and liens, enter into transactions with affiliates and make certain restricted payments and restricted investments, in each case, as set forth in the Credit Agreement and subject to certain thresholds and exceptions. Additionally, the Credit Agreement contains financial covenants regarding the leverage ratio and fixed charge coverage ratio of HI and its restricted subsidiaries. The Credit Agreement also contains other customary covenants and events of default for secured credit facilities of this type. Upon an event of default that is not cured or waived within any applicable cure periods, in addition to other remedies that may be available to the lenders, the obligations under the Credit Agreement may be accelerated.

The foregoing does not constitute a complete summary of the terms of the Credit Agreement. The description of the terms of the Credit Agreement is qualified in its entirety by reference to such agreement, attached hereto as Exhibit 10.1 and incorporated herein by reference.

Item 1.02. Termination of a Material Definitive Agreement.

In connection with entering into the Credit Agreement, on February 9, 2026, HI terminated all commitments and repaid all obligations under HI's existing credit agreement, dated as of May 20, 2022, among HI, Citibank, N.A., as Administrative Agent, and the lenders party thereto (as previously amended, restated, amended and restated, supplemented or otherwise modified).

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information included in Item 1.01 is incorporated herein by reference.

Huntsman Corporation published this content on February 13, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on February 13, 2026 at 21:19 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]