Ashland Inc. completes redemption of all remaining outstanding 9.125% senior notes due 2017
(Thomson Reuters ONE) -
June 3, 2013
COVINGTON, Ky. - Ashland Inc. (NYSE: ASH) today announced that all remaining
outstanding 9.125% Senior Notes due 2017 (Notes) were redeemed effective as of
June 1, 2013 (the redemption date).
Last July, the company had announced a cash tender offer for any and all of its
outstanding $650 million aggregate principal amount of the Notes due 2017.
Approximately 88 percent of the outstanding Notes were tendered at that time.
The remaining 12 percent of outstanding Notes, or approximately $78 million
aggregate principal amount, have now been redeemed.
Holders of the Notes were paid $1,045.63 per $1,000.00 aggregate principal
amount of the Notes plus accrued and unpaid interest up to, but not including,
the redemption date.
About Ashland
In more than 100 countries, the people of Ashland Inc. provide the specialty
chemicals, technologies and insights to help customers create new and improved
products for today and sustainable solutions for tomorrow. Our chemistry is at
work every day in a wide variety of markets and applications, including
architectural coatings, automotive, construction, energy, food and beverage,
personal care, pharmaceutical, tissue and towel, and water treatment. Visit
ashland.com to see the innovations we offer through our four commercial units -
Ashland Specialty Ingredients, Ashland Water Technologies, Ashland Performance
Materials and Ashland Consumer Markets.
C-ASH
- 0 -
(TM)Trademark of Ashland or its subsidiaries, registered in various countries
FOR FURTHER INFORMATION:
Media Relations
Gary Rhodes
+1 (859) 815-3047
glrhodes(at)ashland.com
Investor Relations
Jason Thompson
+1 (859) 815-4454
jlthompson(at)ashland.com
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Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ashland Inc. via Thomson Reuters ONE
[HUG#1706847]
Unternehmensinformation / Kurzprofil:
Datum: 03.06.2013 - 22:03 Uhr
Sprache: Deutsch
News-ID 265993
Anzahl Zeichen: 2595
contact information:
Town:
Covington
Kategorie:
Business News
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