Ashland Global Holdings Inc. announced that its indirect, wholly owned subsidiary, Ashland LLC is seeking to obtain a new $600 million 7-year senior secured term loan B facility to retire the company's 3.875% senior notes due 2018.

In addition, the company intends to refinance its existing $800 million senior unsecured revolving credit facility with a new $800 million 5-year senior secured revolving credit facility. The Company is also seeking to obtain new senior secured term loan A facilities, consisting of a new $250 million 3-year term loan A facility and a new $250 million 5-year term loan A facility, to finance a portion of the consideration for the Company's previously announced, pending acquisition of Pharmachem Laboratories, Inc..