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Ashland Inc. : Ashland Inc. announces pricing of senior notes offering



    Ashland Inc. : Ashland Inc. announces pricing of senior notes offering

February 22, 2013

COVINGTON, Ky.  - Ashland  Inc. (NYSE:  ASH) today  announced the  pricing  of 
$600 million aggregate principal amount of  its 3.000% senior notes due  2016, 
$700 million aggregate principal amount of  its 3.875% senior notes due  2018, 
$650 million aggregate principal amount  of its 4.750%  senior notes due  2022 
and $350 million aggregate  principal amount  of its 6.875%  senior notes  due 
2043 (collectively, the  Notes). The Notes  will be unsecured,  unsubordinated 
obligations of Ashland.

Ashland intends to use the net proceeds of the offering (after deducting
initial purchasers' discounts and other fees and expenses), together with cash
on hand, to prepay a significant portion of the outstanding loans under its
senior secured credit facility, to pay costs and expenses relating to such
prepayment, including accrued and unpaid interest thereon, and to pay costs
associated with terminating certain interest rate swaps entered into in
connection with its senior secured credit facility.

The Notes will be offered in the United States to qualified institutional
buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the
Securities Act), and outside the United States pursuant to Regulation S under
the Securities Act. The Notes have not been registered under the Securities
Act and may not be offered or sold in the United States without registration
or an applicable exemption from the registration requirements.

This news release shall not constitute an offer to sell, or a solicitation of
an offer to buy, any security, including the Notes. No offer, solicitation, or
sale will be made in any jurisdiction in which such an offer, solicitation, or
sale would be unlawful.

About Ashland
In more than 100 countries, the people of Ashland Inc. (NYSE: ASH) provide the
specialty chemicals, technologies and insights to help customers create new
and improved products for today and sustainable solutions for tomorrow. Our
chemistry is at work every day in a wide variety of markets and applications,
including architectural coatings, automotive, construction, energy, food and
beverage, personal care, pharmaceutical, tissue and towel, and water
treatment. Visit ashland.com to see the innovations we offer through our four
commercial units - Ashland Specialty Ingredients, Ashland Water Technologies,
Ashland Performance Materials and Ashland Consumer Markets.

C-ASH

 

Forward-Looking Statements

This news release  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," "may," "will," "should" 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  filings  with  the 
Securities and Exchange Commission (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,  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:   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, and legal proceedings and claims (including
environmental and asbestos matters). 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.  Ashland undertakes  no obligation  to  subsequently 
update any forward-looking statements made  in this news release or  otherwise 
except as required by securities or other applicable law.

(TM)Trademark of Ashland or its subsidiaries, registered in various countries

FOR FURTHER INFORMATION:
Investor Relations
Jason Thompson         
+1 (859) 815-4454
jlthompson@ashland.com

Media Relations
Gary Rhodes
+1 (859) 815-3047
glrhodes@ashland.com

 

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This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: Ashland Inc. via Thomson Reuters ONE
HUG#1680389
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