Huntsman (NYSE: HUN) sets $800M secured revolver, ends 2022 credit deal

Rhea-AI Filing Summary

Huntsman International LLC, a wholly owned subsidiary of Huntsman Corporation, entered into a new $800 million senior secured revolving credit facility with Citibank, N.A. and a bank group. The facility may be increased by up to $400 million, plus additional amounts, subject to leverage-based conditions.

The revolving facility matures on February 9, 2031 and is secured by liens on substantially all U.S. personal property of Huntsman International LLC and certain wholly owned domestic subsidiaries, and guaranteed by those subsidiaries. Borrowings bear interest at base rate, Term SOFR, EURIBOR or SONIA benchmarks plus margins that vary with the company’s leverage ratio.

The agreement includes customary representations, covenants, and financial tests on leverage and fixed charge coverage, and allows acceleration upon uncured events of default. At the same time, Huntsman International LLC terminated all commitments and repaid all obligations under its prior credit agreement dated May 20, 2022.

Insights

Credit & Capital Structure Analyst

Huntsman refinances liquidity with a new $800M secured revolver.

Huntsman International LLC has put in place a $800 million senior secured revolving credit facility, expandable by up to $400 million. The facility runs to February 9, 2031 and replaces the company’s prior credit agreement from May 20, 2022.

The borrowings are secured by substantially all U.S. personal property assets of Huntsman International LLC and certain domestic subsidiaries, and are guaranteed by those subsidiaries. Interest is tied to benchmark rates such as Term SOFR, EURIBOR or SONIA plus margins that adjust based on the leverage ratio, alongside commitment and upfront fees.

The agreement includes customary negative covenants restricting additional debt, liens, affiliate transactions, and restricted payments, and requires compliance with leverage and fixed charge coverage ratio tests. Actual impact on leverage, liquidity headroom, and covenant cushions will depend on future borrowing levels under this revolving facility.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 9, 2026

Huntsman Corporation

(Exact name of registrant as specified in its charter)

Delaware		001-32427		42-1648585
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

10003 Woodloch Forest Drive
The Woodlands, Texas
(Address of principal executive offices)   77380
(Zip Code)

Huntsman International LLC

(Exact name of registrant as specified in its charter)

Delaware		333-85141		87-0630358
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

10003 Woodloch Forest Drive
The Woodlands, Texas
(Address of principal executive offices)   77380
(Zip Code)

Registrant’s telephone number, including area code:

(281) 719-6000

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) 

¨    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) 

¨    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) 

¨    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities Registered pursuant to Section 12(b) of the Act:

Registrant		Title of each class		Trading Symbol		Name of each exchange on which registered
Huntsman Corporation		Common Stock, par value $0.01 per share		HUN		New York Stock Exchange
Huntsman International LLC		NONE		NONE		NONE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company     ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.       ¨

Co-Registrant CIK	0001089748
Co-Registrant Amendment Flag	false
Co-Registrant Form Type	8-K
Co-Registrant DocumentPeriodEndDate	02-09-2026
Co-Registrant Written Communications	false
Co-Registrant Solicitating Materials	false
Co-Registrant PreCommencement Tender Offer	false
Co-Registrant PreCommencement Issuer Tender Offer	false
Co-Registrant Entity Emerging Growth Company	false
Co-Registrant City area code	281
Co-Registrant Local Phone Number	719-6000

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.

Item 9.01. Financial Statements and Exhibits.

(d)            Exhibits.

Number	Description of Exhibits
10.1	Credit Agreement, dated February 9, 2026, among Huntsman International LLC, Citibank, N.A., as Administrative Agent and Collateral Agent, and the lenders thereto
104	Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	HUNTSMAN CORPORATION HUNTSMAN INTERNATIONAL LLC
	By:	/s/ Claire Mei
		Claire Mei
		Vice President and Treasurer

Date: February 13, 2026

FAQ

What new credit facility did Huntsman (HUN) secure on February 9, 2026?

Huntsman International LLC entered into an $800 million senior secured revolving credit facility with Citibank, N.A. as administrative and collateral agent, plus a syndicate of lenders. The agreement provides multi-currency benchmark-based borrowing options and includes customary covenants and events of default provisions.

Can Huntsman (HUN) increase the size of its new revolving credit facility?

Yes. Huntsman International LLC may increase the credit facility commitments by up to $400 million, plus additional amounts. Any such increase is subject to leverage ratio tests and satisfaction of other conditions specified in the new Credit Agreement with the lending group.

When does Huntsman International LLC’s new $800 million credit facility mature?

The new senior secured revolving credit facility will mature on February 9, 2031, unless terminated earlier according to its terms. This maturity date defines the outer limit for borrowings, subject to ongoing compliance with financial covenants and absence of uncured events of default.

How are Huntsman International LLC’s obligations under the new Credit Agreement secured?

Obligations under the Credit Agreement are secured by a lien on substantially all U.S. personal property assets of Huntsman International LLC and certain wholly owned domestic subsidiaries. Those subsidiaries also provide guarantees, subject to exclusions described in the agreement’s collateral and guarantee provisions.

What interest rate structure applies under Huntsman (HUN)’s new revolving facility?

Borrowings can be based on the Alternate Base Rate, Term SOFR Rate, Adjusted EURIBOR Rate or SONIA, subject to a 0.00% floor for base rate loans. Margins range from 0.50%–1.00% for base rate and 1.50%–2.00% for benchmark or SONIA loans, depending on leverage.

What happened to Huntsman International LLC’s prior 2022 credit agreement?

In connection with entering into the new Credit Agreement on February 9, 2026, Huntsman International LLC terminated all commitments and repaid all obligations under its existing credit agreement dated May 20, 2022. That prior facility had been amended and modified over time before being fully replaced.

What key financial covenants are included in Huntsman’s new Credit Agreement?

The Credit Agreement includes financial covenants relating to leverage ratio and fixed charge coverage ratio for Huntsman International LLC and its restricted subsidiaries. It also contains customary negative covenants limiting additional debt, liens, affiliate transactions, restricted payments, and certain investments, all subject to thresholds and exceptions.

Filing Exhibits & Attachments

5 documents

Agreements & Contracts

• EX-10.1 EXHIBIT 10.1 1.1 MB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.4 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 25.7 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 35.0 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 24.4 KB