secwatch.observer — SEC 8-K summary
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Issuer:     ASHLAND INC. (ASH)
CIK:        0001674862
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0000950170-23-013659
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674862/000095017023013659/0000950170-23-013659-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674862/000095017023013659/ash-20230414.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-013659

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer