Und Huntsman hat damit seit Anfang 2016 über 2 Mrd. Dollar Schulden zurückgezahlt. Wann und ob die restlichen 75% verkauft werden, weiß ich nicht, wahrscheinlich je nach Bedarf.
"Huntsman Announces that Venator Closes its IPO"
"THE WOODLANDS, Texas, Aug. 8, 2017 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) announced its subsidiary, Venator Materials PLC ("Venator"), a global chemical company dedicated to the development and manufacture of titanium dioxide ("TiO2") pigments and performance additives, today completed its initial public offering ("IPO") of 26,105,000 ordinary shares, which includes 3,405,000 ordinary shares issued upon the exercise in full by the underwriters of their option to purchase additional ordinary shares. Venator's ordinary shares trade on the New York Stock Exchange under the ticker symbol "VNTR."
Huntsman intends to use approximately $725 million of net proceeds from the Venator debt distribution and the net IPO proceeds of about $475 million, excluding anticipated taxes, to pay down existing Company debt. The significant reduction of $1.2 billion in debt will put Huntsman's trailing twelve month pro-forma(1) leverage (net-debt-to-EBITDA) around 2.5 times. In addition, Huntsman's annual cash interest expense is expected to decrease by about $45 million. Since January 2016, and including the Venator proceeds, Huntsman has repaid over $2 billion of debt."
Peter Huntsman, our President and CEO commented:
"This IPO marks a significant milestone for Huntsman Corporation and creates substantial value for our shareholders. I want to thank the employees who worked relentlessly over the last several months to turn our Pigments and Additives division into Venator, a new standalone publicly traded company which I believe is well positioned for the future.
Huntsman shareholders will benefit from the $1.2 billion reduction of debt and we will look to pay down additional debt as we monetize our remaining position in Venator over time and in an orderly fashion. The completion of this IPO and our increased financial strength positions us well as we work towards completing our merger of equals with Clariant."
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