Item 8.01. Other Events.
On January 9, 2020, Ashland Global Holdings Inc. ("Ashland") announced that its
indirect, wholly owned subsidiary, Ashland Services B.V., announced the pricing
of a proposed offering (the "Notes Offering") of €500 million (approximately
$560 million) aggregate principal amount of its 2.000% senior euro-denominated
notes (the "Notes"). The Notes will be senior unsecured obligations of Ashland
Services B.V. The Notes Offering is expected to close on January 23, 2020,
subject to customary closing conditions.
The Notes will initially be guaranteed on an unsecured basis by each of Ashland
and Ashland LLC, a wholly owned subsidiary of Ashland (together, the
The Notes are being offered in the United States to (i) qualified institutional
buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the
"Securities Act"), and (ii) to non-U.S. persons outside the United States
pursuant to Regulation S under the Securities Act. The Notes and the Guarantees
have not been, and will not be, registered under the Securities Act or the
securities laws of any other jurisdiction, and may not be offered or sold in the
United States or to U.S. persons without registration under the Securities Act
or the securities laws of any other jurisdiction or an applicable exemption from
the registration requirements.
A copy of the news release announcing pricing of the Notes Offering is hereby
incorporated by reference and attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
Exhibit No. Description
99.1 News Release announcing Pricing of the Notes Offering dated January 9,
104 Cover Page Interactive Data File (embedded within the Inline XBRL
Forward Looking Statements
This Form 8-K contains forward-looking statements. Ashland has identified some
of these forward-looking statements with words such as "anticipates,"
"believes," "expects," "estimates," "is likely," "predicts," "projects,"
"forecasts," "objectives," "may," "will," "should," "plans" and "intends" and
the negative of these words or other comparable terminology. In addition,
Ashland may from time to time make forward-looking statements in its annual
reports, quarterly reports and other filings with the SEC, news releases and
other written and oral communications. These forward-looking statements are
based on Ashland's expectations and assumptions, as of the date such statements
are made, regarding Ashland's future operating performance and financial
condition, as well as the economy and other future events or circumstances.
These statements include, but may not be limited to, statements about the
potential Notes Offering. Various risks and uncertainties may cause actual
results to differ materially from those stated, projected or implied by any
forward-looking statements, including, without limitation, risks and
uncertainties affecting Ashland that are described in its most recent Form 10-K
(including Item 1A Risk Factors) filed with the SEC, which is available on
Ashland's website at http://investor.ashland.com or on the SEC's website at
http://www.sec.gov. Ashland believes its expectations and assumptions are
reasonable, but there can be no assurance that the expectations reflected herein
will be achieved. Unless legally required, Ashland undertakes no obligation to
update any forward-looking statements made in this Form 8-K whether as a result
of new information, future events or otherwise.
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