Ashland’s Senior Notes Offering and Cash Tender Offer

Cravath represented Ashland Services B.V. in connection with its €500 million 144A/Reg. S senior notes offering, guaranteed by Ashland Global Holdings Inc. (“Ashland”) and Ashland LLC. Cravath also represented Ashland in connection with its $825 million cash tender offer on behalf of Ashland LLC and Hercules LLC, each wholly owned subsidiaries of Ashland. Ashland is a global leader in providing speciality chemical solutions to customers in a wide range of consumer and industrial markets. The senior notes offering closed on January 23, 2020 and the cash tender offer closed on February 5, 2020.

The Cravath team included partners Andrew J. Pitts and C. Daniel Haaren on securities matters and associate Cecily Xi on tax matters. Andrea Roman-Gonzalez also worked on securities matters and Duncan H. Hardell also worked on tax matters.