secwatch.observer — SEC 8-K summary
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Issuer:     OLIN Corp (OLN)
CIK:        0000074303
Form:       8-K
Filed at:   2024-11-20T23:59:59+00:00
Accession:  0000074303-24-000195
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/74303/000007430324000195/0000074303-24-000195-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/74303/000007430324000195/oln-20241120.htm
  HTML page:      https://secwatch.observer/filing/0000074303-24-000195

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