ASHLAND INC. — Form 8-K

Ashland Inc. executed the Fifth Amendment to its Receivables Purchase Agreement dated July 30, 2026, with counterparties CVG Capital III LLC (seller), PNC Bank (administrative agent), and various purchasers and LC banks. Key changes include: (1) Scheduled Termination Date extended from September 11, 2026 to July 28, 2028; (2) Facility Limit adjusted—Period 1 (Sept 13, 2024–Dec 31, 2024) remains $80M, Period 2 (Jan 1, 2025 onward) reduced from prior level to $70M; (3) Ashland Credit Agreement reference updated to May 28, 2026; (4) SOFR Adjustment reset from 10 bps to 0 bps; (5) In-Transit Receivables concentration limit increased from 7.5% to 10%; (6) minimal reduction threshold for facility reductions lowered to $50M (from $85M). Amended Fee Letter simultaneously executed. All conditions precedent satisfied as of the amendment date.