debt
confidence high
sentiment neutral
materiality 0.65
Olin announces $600M senior notes offering to refinance debt including $500M 2027 notes
OLIN Corp
- Offering $600M in senior notes due 2033, unsecured, no subsidiary guarantees.
- Proceeds plus new credit facilities (up to $650M term loan, $1.2B revolver) to redeem $500M 5.125% 2027 notes and $190M 9.5% 2025 notes.
- New credit facilities also refinance existing revolver and term loan; closing not conditioned on note offering.
- Offering exempt from registration, targeted at QIBs and non-U.S. persons under Rule 144A/Regulation S.