OLIN Corp (OLN): debt financing — Olin issues $600M in 6.625% Senior Notes and closes $1.85B credit facility refinancing

OLIN Corp

Issued $600M aggregate principal of 6.625% Senior Notes due April 1, 2033; interest paid semi-annually.
Entered new $1.85B credit facility: $650M term loan and $1.2B revolving credit, both maturing March 14, 2030.
New credit facility replaces and terminates existing $1.85B credit agreement; proceeds used to refinance prior loans.
Amended existing bond agreement to align covenants with new credit facility.
Term loan fully drawn on closing; revolving facility available for working capital and general corporate purposes.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

OLIN Corp incurred credit facility of senior unsecured term loan facility in an aggregate principal amount of $650,000,000 with Bank of America, N.A., as administrative agent at margin ranging from 1.375% to 1.875% maturing March 14, 2030.

Instrument: credit facility
Principal: senior unsecured term loan facility in an aggregate principal amount of $650,000,000
Counterparty: Bank of America, N.A., as administrative agent
Rate: margin ranging from 1.375% to 1.875%
Maturity: March 14, 2030
Event: incurrence

Exact text from the filing

The Replacement Credit Agreement provides the Registrant with a senior unsecured term loan facility in an aggregate principal amount of $650,000,000

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

OLIN Corp incurred revolving credit of aggregate commitments in an amount equal to $1,200,000,000 with Bank of America, N.A., as administrative agent at margin ranging from 1.375% to 1.875% maturing March 14, 2030.

Instrument: revolving credit
Principal: aggregate commitments in an amount equal to $1,200,000,000
Counterparty: Bank of America, N.A., as administrative agent
Rate: margin ranging from 1.375% to 1.875%
Maturity: March 14, 2030
Event: incurrence

Exact text from the filing

senior unsecured revolving credit facility with aggregate commitments in an amount equal to $1,200,000,000

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

OLIN Corp incurred senior notes of $600,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association, as trustee at 6.625% maturing April 1, 2033.

Instrument: senior notes
Principal: $600,000,000 aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association, as trustee
Rate: 6.625%
Maturity: April 1, 2033
Event: incurrence

Exact text from the filing

On March 14, 2025, Olin Corporation (the “Registrant”) issued $600,000,000 aggregate principal amount of 6.625% Senior Notes due 2033

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OLIN Corp filing history →

Source: SEC EDGAR

accession 0001193125-25-054817

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