---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-013659"
form_type: "8-K"
ticker: "ASH"
cik: "0001674862"
company_name: "ASHLAND INC."
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T22:35:17.167174+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Ashland amends receivables facility: increases cap to $115M during peak season, extends maturity to 2025

## Summary
- Facility limit raised to $115M for April-October and $100M otherwise; termination extended to April 14, 2025.
- Yield on investments set at commercial paper rate or Term SOFR/Daily 1M SOFR plus adjustment, floor 0%.
- Second amendment releases Ashland Inc. as originator under the Purchase and Sale Agreement.
- PNC Bank and Fifth Third Bank remain purchasers; PNC is administrative agent.

## SEC filing metadata
- accession: 0000950170-23-013659
- form_type: 8-K
- ticker: ASH
- cik: 0001674862
- company_name: ASHLAND INC.
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674862/000095017023013659/0000950170-23-013659-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674862/000095017023013659/ash-20230414.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-013659
- JSON: https://secwatch.observer/filing/0000950170-23-013659.json
- Plain text: https://secwatch.observer/filing/0000950170-23-013659.txt

## Key facts
- Debt Financings
  ASHLAND INC. amended debt of up to $115 million between April and October of each year, and up to $100 million at all other times with PNC Bank, National Association and Fifth Third Bank, National Association at a fluctuating rate that is either the applicable commercial paper rate (as defin maturing April 14, 2025.
  - Principal: up to $115 million between April and October of each year, and up to $100 million at all other times
  - Counterparty: PNC Bank, National Association and Fifth Third Bank, National Association
  - Rate: a fluctuating rate that is either the applicable commercial paper rate (as defin
  - Maturity: April 14, 2025
  - Event: amendment
  source text: Pursuant to the Third Amendment, the accounts receivable securitization facility under the RPA will be in an amount of up to $115 million between April and October of each year, and up to $100 million at all other times.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674862/000095017023013659/0000950170-23-013659-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.