Olin Corporation announced on February 28, 2025, the pricing of its private offering of $600 million aggregate principal amount of 6.625% senior notes due 2033. The initial offering price to investors is 100.000% of the principal amount.
The company intends to use the net proceeds from this offering, along with borrowings under new replacement credit facilities, to execute a comprehensive refinancing strategy. This includes redeeming all $500.0 million of its 5.125% Senior Notes due 2027 and refinancing its existing revolving credit facility, which includes anticipated borrowings to redeem its 9.500% Senior Notes due 2025.
Additionally, the proceeds will be used to refinance Olin's existing term loan facility and cover related fees and expenses. The closing of the offering is expected to occur on March 14, 2025, subject to customary closing conditions. This strategic refinancing extends debt maturities and enhances Olin's financial resilience.
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