CLAYTON, Mo., Jan. 16, 2018 /PRNewswire/ -- Olin
Corporation (NYSE: OLN) announced today the pricing of its
offering of $550 million aggregate
principal amount of Senior Notes due 2030 (the "Senior Notes"). The
offering was upsized to $550 million
from the previously announced offering size of $500 million. The Senior Notes will mature on
February 1, 2030, will have an
interest rate of 5.000% and will be issued at 100.000% of par
value. Interest will be paid semi-annually on the 1st day
of February and August, beginning August 1, 2018. The Senior Notes will be sold
pursuant to Olin's shelf registration statement on file with the
Securities and Exchange Commission ("SEC"). The underwriters
for the transaction are Citigroup Global Markets Inc., J.P. Morgan
Securities LLC, Wells Fargo Securities LLC, Merrill Lynch, Pierce,
Fenner & Smith Incorporated, PNC Capital Markets LLC, SMBC
Nikko Securities America, Inc., Scotia Capital (USA) Inc., MUFG Securities Americas Inc.,
Deutsche Bank Securities Inc. and TD Securities (USA) LLC. Olin expects to use the net proceeds
of the offering, together with cash on hand, to prepay in part the
term loans outstanding under Olin's existing term loan credit
facility, which is scheduled to mature in 2022. Closing of the
offering is expected to occur on January 19,
2018, subject to customary closing conditions.
Olin has filed a registration statement on Form S-3 (including a
prospectus) with the SEC for the offering to which this
communication relates. Before you invest, you should read the
prospectus in that registration statement and the prospectus
supplement thereto and the other documents that Olin has filed or
will file with the SEC for more complete information about Olin and
this offering. The offering will be made only pursuant to the terms
of the relevant prospectus supplement (including the prospectus).
These documents will be available at no charge by visiting EDGAR on
the SEC website at www.sec.gov. Alternatively, these documents
will be made available upon request to any underwriter
participating in the offering. Interested parties may obtain a
prospectus and the related prospectus supplement from Citigroup
Global Markets Inc. by contacting Citigroup Global Markets Inc.,
c/o Broadridge Financial Services, 1155 Long Island Avenue,
Edgewood, NY 11717 or by calling
toll free at 1-800-831-9146.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of the
Senior Notes in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction.
COMPANY DESCRIPTION
Olin Corporation is a leading vertically-integrated global
manufacturer and distributor of chemical products and a leading
U.S. manufacturer of ammunition. The chemical products
produced include chlorine and caustic soda, vinyls, epoxies,
chlorinated organics, bleach and hydrochloric acid.
Winchester's principal manufacturing facilities produce and
distribute sporting ammunition, law enforcement ammunition,
reloading components, small caliber military ammunition and
components, and industrial cartridges.
CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS
This release includes forward-looking statements, including
relating to the offering of Senior Notes. These statements relate
to analyses and other information that are based on management's
beliefs, certain assumptions made by management, forecasts of
future results, and current expectations, estimates and
projections, including about the markets and economy in which we
and our various segments operate. The statements contained in this
release that are not statements of historical fact may include
forward-looking statements that involve a number of risks and
uncertainties.
We have used the words "anticipate", "intend", "expect" and
variations of such words and similar expressions in this release to
identify such forward-looking statements. These statements are not
guarantees of future performance and involve certain risks,
uncertainties and assumptions, which are difficult to predict and
many of which are beyond our control. Therefore, actual outcomes
and results may differ materially from those matters expressed or
implied in such forward-looking statements. We undertake no
obligation to update publicly any forward-looking statements,
whether as a result of future events, new information or
otherwise.
You should consider these forward-looking statements in light of
the risk factors discussed in the preliminary prospectus supplement
filed with the SEC on January 16,
2018 and in the final prospectus supplement to be filed with
the SEC and those in our annual report on Form 10-K for the
year ended December 31, 2016, and subsequent periodic filings
made with the SEC. All of our forward-looking statements
should be considered in light of these factors. In addition, other
risks and uncertainties not presently known to us or that we
consider immaterial could affect the accuracy of our
forward-looking statements.
2018-02
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SOURCE Olin Corporation