Loan & DebtJul 31, 2026, 04:32 PM
Ashland Extends Receivables Facility to 2028, $70M Commitment
AI Summary
Ashland Inc. entered into the Fifth Amendment to its Receivables Purchase Agreement (RPA), extending the facility's termination date to July 28, 2028. The amended agreement provides for commitments of up to $70 million through this new termination date. This accounts receivable securitization facility previously had commitments of up to $80 million until December 31, 2024, and $70 million until September 11, 2026.
Key Highlights
- Ashland extended its Receivables Purchase Agreement (RPA) termination date to July 28, 2028.
- The amended facility provides commitments of up to $70 million through the new termination date.
- The previous RPA termination date was September 11, 2026.
- Prior commitments were $80 million from September 13, 2024, through December 31, 2024.
- Prior commitments were $70 million from January 1, 2025, through September 11, 2026.
Price Impact
More from ASH