Ashland Inc. Amends European Receivables Securitization Facility, Extends to 2029

What Happened

• Ashland Inc. announced on Sept. 24, 2026 (filed Sept. 25, 2026) that it entered into a Deed of Amendment and Restatement to amend and restate its European accounts receivable securitization program (the EU A/R Facility). The amendment updates the Receivables Purchase Agreement and Master Framework Agreement originally dated Oct. 19, 2023, and extends the facility’s scheduled termination date to September 21, 2029.

Key Details

• The EU A/R Facility remains a revolving receivables securitization program with an aggregate facility limit of €125 million.
• Bank of America, N.A. assigned its role as Committed Purchaser to Bank of America Europe DAC; Bank of America, N.A. continues as Administrative Agent and Structuring Agent.
• The amendment (Deed of Amendment and Restatement) includes updates to align the agreements with current market standards and is filed as Exhibit 10.1 to the 8-K.
• The Seller under the program is Ashland International Receivables Designated Activity Company, a bankruptcy-remote Irish designated activity company wholly owned by Ashland; certain wholly owned international subsidiaries act as originators.

Why It Matters

• For investors, this confirms continued access to short-term liquidity via a €125M receivables facility and extends the contractual tenor to 2029, which can support working capital and international cash flow management.
• The assignment of the Committed Purchaser role and contractual updates are technical but routine steps to maintain the program and reflect market terms; they represent a continuation (not a replacement) of the financing relationship with Bank of America entities.