Item 7.01. Regulation FD Disclosure.
On October 1, 2020, Ashland Global Holdings, Inc. ("Ashland") announced that
Ashland LLC ("Seller"), a wholly owned subsidiary of Ashland, and AOC Materials
LLC ("Buyer") completed the previously announced sale of Seller's maleic
anhydride business and manufacturing facility in Neal, West Virginia to Buyer
for $100 million.
The closing of the sale of Seller's maleic anhydride business to Buyer is
discussed further in the news release attached hereto as Exhibit 99.1 and
incorporated by reference herein.
This report contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended and Section 21E of the
Securities Exchange Act of 1934, as amended. 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. 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.
Ashland's expectations and assumptions include, without limitation, internal
forecasts and analyses of current and future market conditions and trends,
management plans and strategies, operating efficiencies and economic conditions
(such as prices, supply and demand, cost of raw materials, and the ability to
recover raw-material cost increases through price increases), and risks and
uncertainties associated with the following: the impact of acquisitions and/or
divestitures Ashland has made or may make (including the possibility that
Ashland may not realize the anticipated benefits from such transactions);
Ashland's substantial indebtedness (including the possibility that such
indebtedness and related restrictive covenants may adversely affect Ashland's
future cash flows, results of operations, financial condition and its ability to
repay debt); severe weather, natural disasters, public-health crises (including
the current COVID-19 pandemic), cyber events and legal proceedings and claims
(including product recalls, environmental and asbestos matters); the effects of
the COVID-19 pandemic on the geographies in which we operate, the end markets we
serve and on our supply chain and customers, and, without limitation, risks and
uncertainties affecting Ashland that are described in Ashland's 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. Various risks and uncertainties may cause actual results to
differ materially from those stated, projected or implied by any forward-looking
statements. The extent and duration of the COVID-19 pandemic on our business and
operations is uncertain. Factors that will influence the impact on our business
and operations include the duration and extent of the pandemic, the extent of
imposed or recommended containment and mitigation measures, and the general
economic consequences of the pandemic. 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 news release
whether as a result of new information, future events or otherwise.
Item 9.01. Financial Statements and Exhibits.
99.1 News Release dated October 1, 2020.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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