Ashland Inc. announces expiration of registered exchange offers for its 3.000% Senior Notes due 2016, 3.875% Senior Notes due 2018, 4.750% Senior Notes due 2022 and 6.875% Senior Notes due 2043
(Thomson Reuters ONE) -
September 10, 2013
COVINGTON, Ky. - Ashland Inc. (NYSE: ASH) today announced the expiration of its
offers (the "exchange offers") to exchange all of its outstanding 3.000% Senior
Notes due 2016 (the "Original 2016 Notes") for its 3.000% Senior Notes due
2016, which have been registered under the Securities Act of 1933, as amended
(the "Securities Act"), 3.875% Senior Notes due 2018 (the "Original 2018 Notes")
for its 3.875% Senior Notes due 2018, which have been registered under the
Securities Act, 4.750% Senior Notes due 2022 (the "Original 2022 Notes") for its
4.750% Senior Notes due 2022, which have been registered under the Securities
Act and 6.875% Senior Notes due 2043 (the "Original 2043 Notes" and, together
with the Original 2016 Notes, the Original 2018 Notes and the Original 2022
Notes, the "Original Notes") for its 6.875% Senior Notes due 2043, which have
been registered under the Securities Act.
The exchange offers expired at 5:00 p.m., New York City time, on September
9, 2013. Ashland has been advised that $600,000,000 aggregate principal amount
of the Original 2016 Notes, $700,000,000 aggregate principal amount of the
Original 2018 Notes, $1,124,999,000 aggregate principal amount of the Original
2022 Notes and $373,050,000 aggregate principal amount of the Original 2043
Notes were validly tendered and not validly withdrawn in the exchange offers
prior to the expiration date and Ashland has accepted for exchange all such
Original Notes pursuant to the exchange offers. Ashland expects that settlement
of the exchange offers will occur on or about September 10, 2013.
This news release shall not constitute an offer to exchange nor a solicitation
of an offer to exchange the Original Notes. The exchange offers were made only
pursuant to the prospectus dated August 8, 2013 and the related letter of
transmittal and only to such persons and in such jurisdictions as is permitted
under applicable law.
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
This announcement is distributed by Thomson Reuters on behalf of
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#1728469]
Unternehmensinformation / Kurzprofil:
Datum: 10.09.2013 - 22:33 Uhr
Sprache: Deutsch
News-ID 295406
Anzahl Zeichen: 3933
contact information:
Town:
Covington
Kategorie:
Business News
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