Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
ASHLAND INC. incurred debt of €125 million with Bank of America, N.A. at variable rate plus a margin.
- Principal
- €125 million
- Counterparty
- Bank of America, N.A.
- Rate
- variable rate plus a margin
- Event
- incurrence
Exact text from the filing
entered into definitive agreements to establish a three-year €125 million receivables securitization program (the “EU A/R Facility”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
ASHLAND INC. entered into EU A/R Facility with Bank of America, N.A. valued at €125 million (effective 2023-10-19).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A.
- Value
- €125 million
- Effective
- 2023-10-19
Exact text from the filing
On October 19, 2023, Ashland Inc. (the “Company”), Ashland International Receivables Designated Activity Company, a wholly-owned subsidiary of the Company and a bankruptcy remote Irish designated activity company, as seller (the “Seller”), and certain of the Company’s wholly-owned international subsidiaries (the “Originators”) entered into definitive agreements to establish a three-year €125 million receivables securitization program (the “EU A/R Facility”).
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