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. amended revolving credit of $500 million with The Bank of Nova Scotia, Houston Branch, as administrative agent at Term SOFR plus 1.375% per annum maturing five years.
- Instrument
- revolving credit
- Principal
- $500 million
- Counterparty
- The Bank of Nova Scotia, Houston Branch, as administrative agent
- Rate
- Term SOFR plus 1.375% per annum
- Maturity
- five years
- Event
- amendment
Exact text from the filing
The Credit Agreement provides for a $500 million five-year revolving credit facility
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ASHLAND INC. entered into Credit Agreement with The Bank of Nova Scotia, Houston Branch, as administrative agent, swing line lender and a letter of credit issuer valued at $500 million five-year revolving credit facility (effective 2026-05-28).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- The Bank of Nova Scotia, Houston Branch, as administrative agent, swing line lender and a letter of credit issuer
- Value
- $500 million five-year revolving credit facility
- Effective
- 2026-05-28
Exact text from the filing
On May 28, 2026 (such date, the “Closing Date”), Ashland Inc., a Delaware corporation (“Ashland”), entered into a Second Amended and Restated Credit Agreement (the “Credit Agreement”) among Ashland, as a borrower, Ashland Industries Europe GmbH, a Gesellschaft mit beschränkter Haftung organized under the laws of Switzerland (the “Swiss Borrower”), as a borrower, each lender from time to time party thereto, The Bank of Nova Scotia, Houston Branch, as administrative agent, swing line lender and a letter of credit issuer, each other letter of credit issuer from time to time party thereto and Citibank, N.A., as syndication agent. The Credit Agreement provides for a $500 million five-year revolving credit facility (including a $125 million letter of credit sublimit) (the “Revolving Facility”), which may be drawn by Ashland or the Swiss Borrower.
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