Corporate Bonds
By The Online Investor Staff, updated Tue., Apr. 30, 3:37 PM
| This Slide: #16 of 25 |
Slide #16. Ashland Inc. — Corporate Bonds
Company:
Ashland Inc. (NYSE:ASH)
Date announced:
2/20/2013
$Amount Offered:
$2,300,000,000
Bond Offering Details:
Ashland Inc. (NYSE:ASH) today announced its intention to offer up to an aggregate of $2.3 billion in principal amount of senior notes comprised of the following tranches: (i) senior notes due 2016, (ii) senior notes due 2018, (iii) senior notes due 2022 and (iv) senior notes due 2025 (collectively, the Notes). The senior notes due 2016, the senior notes due 2018 and the senior notes due 2025 will each constitute a new series of senior notes. The senior notes due 2022 are being offered as additional notes under Ashland's existing indenture, dated August 7, 2012, pursuant to which Ashland previously issued $500.0 million aggregate principal amount of 4.750% senior notes due 2022, and will form a single series of notes with the existing 4.750% senior notes due 2022. The Notes will be unsecured, unsubordinated obligations of Ashland.
Ashland Global Holdings is engaged in providing additives and specialty ingredients to customers in a range of consumer and industrial markets. Co.'s segments are: Life Sciences, which supplies excipients and tablet coating systems to the pharmaceutical, nutrition and nutraceutical industries; Personal Care and Household, which provides biofunctionals, preservatives, skin care, sun care, oral care, hair care and household products; Specialty Additives, which provides rheology additives to the coatings, construction, energy, automotive and various industrial markets; and Intermediates and Solvents, which produces 1,4 butanediol and related derivatives, including n-methylpyrrolidone.
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Avg. Broker Rec.
 
|
Buy (3.27 out of 4) 44th percentile
(ranked lower than approx. 56% of all stocks covered)
Analysts' Target Price: ASH Stock Forecast Based on Zacks ABR data; powered by Xignite |
