J.F. Lehman Circles Ashland’s Drew Marine

J.F. Lehman & Co. is in talks to buy marine services business Drew Marine from Ashland Inc. (NYSE: ASH), according to LBO Wire. The deal would include more than $70 million in debt financing, including $20 million in mezzanine notes arranged by Babson Capital. The more senior debt is being arranged by CIT and BNP Paribas. www.ashland.com