# ASHLAND INC. (ASH) — capital_raise/public_offering [announced]
Source: SEC API (secapi.ai) · situation sit_f1f6eaef7ad70265faeb · retrieved 2026-08-11T15:49:18.996Z

## Overview
Ashland Inc. is a specialty chemicals company that operates an accounts receivable securitization facility to finance its working capital needs.

Ashland Inc. entered into the Fifth Amendment to its Receivables Purchase Agreement with PNC Bank and other purchasers on July 30, 2026. The amendment extends the facility's termination date from September 11, 2026 to July 28, 2028 and maintains commitments of up to $70 million. The facility provides for accounts receivable securitization through CVG Capital III LLC, a bankruptcy-remote special purpose entity and subsidiary of Ashland.

## Terms
- Counterparty: PNC Bank, National Association · Deal value: $70.0M

## Key dates
- Announced 2026-07-31 · Expiry 2028-07-28 · Expected close 2026-07-30

## Timeline
- 2026-07-31 · 8-K (0001193125-26-328710): 8-K - ASHLAND INC. — *Ashland Inc. is a specialty chemicals company that operates an accounts receivable securitization facility to finance its working capital needs.* Ashland Inc. entered into the Fifth Amendment to its Receivables Purchase Agreement with PNC Bank and other purchasers on July 30, 2026. The amendment extends the facility's termination date from September 11, 2026 to July 28, 2028 and maintains commitments of up to $70 million. The facility provides for accounts receivable securitization through CVG Capital III LLC, a bankruptcy-remote special purpose entity and subsidiary of Ashland.
  https://www.sec.gov/Archives/edgar/data/1674862/0001193125-26-328710.txt

## Citations
- 0001193125-26-328710 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526328710