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Ashland Announces Plan to Refinance Senior Notes With New Senior Secured Term Loan

May 16, 2017, 08:00 AM
Filed Under: Pharmaceuticals

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..







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