May 13, 2009 (FinancialWire) — Ashland Inc. (NYSE: ASH) plans to offer $600 million of senior notes due 2017. The company plans to use the proceeds together with available liquidity, to repay in full borrowings under the company’s bridge loan facility.

The notes will be unsecured and will be guaranteed on a senior unsecured basis by all of Ashland’s existing and future subsidiaries that guarantee obligations under its senior secured credit facilities.

Covington, Kentucky-based Ashland provides specialty chemical products, services and solutions to customers in more than 100 countries.

The company operates through five commercial units.

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