Olin enters $500M receivables purchase facility; repays $350M existing facility

OLIN Corp

Olin entered $500M Receivables Purchase Agreement on Nov 20, 2024; initial proceeds $450M.
$350M used to repay and terminate existing Receivables Financing Agreement; remaining proceeds for working capital.
Facility has three-year scheduled term; Olin must maintain Consolidated Net Leverage Ratio.
Seller is Olin Finance Company, LLC; Olin remains servicer of the trade receivables.
Existing $350M receivables facility (Dec 2016) terminated upon repayment.

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