Ashland $2.3 billion financing

23/6/2015

Financing

Value:

$ 2.3 billion

Status:

Completed

Date:

23/6/2015

Overview:

Manufacturing and chemical distribution company Ashland has obtained a $2.3 billion credit facility.
The facility consisted of a $1.1 billion Term A loan and a $1.2 billion revolving credit agreement.
The proceeds are to be used to refinance existing credit.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Financing

Practice area:

Banking

Governing law:

United States

Industry sector:

Banking

Firms:

Cahill Gordon & Reindel

Party: The Bank of Nova Scotia (Administrator)

Party: Citigroup Global Markets (Lead arranger)

Lawyer: Jonathan Schaffzin

Cravath Swaine & Moore

Party: Ashland (Borrower)

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