Huntsman Selling Chemical Intermediates, Surfactants Businesses for $2.1 Billion

| September 4, 2019

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comprising a cash purchase price of $2 billion, plus the transfer of up to approximately $76 million in net underfunded pension and other post-employment benefit liabilities. The $2.076 billion transaction value represents an LTM adjusted EBITDA multiple of approximately 8 times, which includes retained SG&A costs of about $30 million, a portion of which Huntsman expects to eliminate overtime. Under the terms of the agreement, Indorama Ventures would acquire Huntsman’s manufacturing facilities located in Port Neches, Texas; Dayton, Texas; Chocolate Bayou, Texas; Ankleshwar, India; and Botany, Australia. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close near year-end. “This transaction further transforms Huntsman’s balance sheet and future. It accelerates our ability to expand more in areas both downstream and complementary to our portfolio," said Peter Huntsman, Chairman, President, and CEO.

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