IHS Chemical Week

People & Business :: Companies

Moody's Assigns Ratings to New Ashland Distribution Business

11:15 AM MST | February 17, 2011 | Vincent Valk

Moody's Investors Service (New York) has assigned a 'B1' corporate credit rating to Nexeo Solutions, formerly the distribution business of Ashland. Ashland sold the distribution business to private equity firm TPG Capital (tk) in November of last year. Nexeo, backed by TPG, is issuing $500 million in debt to partly fund the $930 million deal, in the form of a $300 million term loan and $200 million in senior bonds. The term loan, due 2017, is rated 'B1,' and the bonds, due 2018, are rated 'B3.' The 'B1' rating, which is not investment-grade, is due to Nexeo's...

This information is only available to Chemical Week subscribers.

Username:
Password:

Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers

 

 

 













 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2012 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa