Manufacturing Industry
Private Huntsman considers public future.(Huntsman Corp. may launch initial public offering)(Brief Article)(Statistical Data Included)
Plastics News, October, 2002 by Esposito, Frank
Byline: Frank Esposito Peter Huntsman said a recent debt restructuring has Huntsman Corp. positioned for a solid future - a future that's likely to include an initial public offering or merger with a publicly held company. ``We've been through a lot, but we're cash-flow-positive today,'' said Huntsman, who took control of the firm founded by his father, Jon Huntsman Sr., less than three years ago.
The restructuring reduced the Salt Lake City-based plastics and chemicals firm's debt by $775 million. ``We're saying we're not just going to survive, we're going to prosper,'' he said. But the restructuring came at a price. MaitlinPatterson Global Opportunities Partners, a New York investment firm that had been Huntsman's largest bondholder, now holds an...
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