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Ashland announces €500 million offering of guaranteed notes
By Paul A. Harris
Portland, Ore., Jan. 7 – Ashland Global Holdings Inc. announced in a Tuesday press release that its indirect, wholly owned subsidiary Ashland Services BV intends to offer €500 million of senior notes via Rule 144A and Regulation S.
The Covington, Ky.-based chemical company plans to use the proceeds, together with its delayed-draw term loan A and other funds, to fund tender offers for a portion of Ashland LLC’s 4¾% senior notes due 2022, Hercules LLC’s 6.6% debentures due 2027, Ashland LLC’s 6 7/8% senior notes due 2043 and Hercules’ 6½% junior subordinated debentures due 2029.
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