Pharma Investments, Ventures & Law Weekly
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Pharma Investments, Ventures & Law Weekly
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
Ashland Inc.
Ashland Inc. Announces Pricing of Senior Notes Due 2017
June 7th, 2009
Ashland Inc. (NYSE:ASH) announced that it has priced $650 million of 9.125% senior unsecured notes (the "Notes"). The offering was increased from a previously announced size of $600 million. The Notes, due June 1, 2017, will be issued at 96.577% of the principal amount to yield 9.75%. The transaction is expected to close May 27, 2009, subject to certain closing conditions. Ashland intends to use the net proceeds from the offering, together with available liquidity, to repay in full its existing $750 million bridge loan and to pay fees and expenses in connection with the offering and the repayment of the indebtedness. The Notes are being sold in the...
Source: Pharma Investments, Ventures & Law Weekly (2009-06-07)
|
