CLAYTON, Mo., March 6, 2017 /PRNewswire/ -- Olin Corporation
(NYSE:OLN) announced today that it intends to commence an
offering of $500 million aggregate
principal amount of Senior Notes due 2027 (the "Senior Notes"),
subject to market and other conditions. The Senior Notes will
be sold pursuant to Olin's shelf registration statement and the
base prospectus on file with the Securities and Exchange Commission
("SEC"). The underwriters for the transaction are BofA
Merrill Lynch, Wells Fargo Securities, J.P. Morgan, Citigroup, SMBC
Nikko, MUFG, PNC Capital Markets LLC, Scotiabank and TD
Securities. The net proceeds of the offering, together with
anticipated borrowings under a proposed new senior term loan
facility and cash on hand, are expected to be used to prepay the
term loans outstanding under an existing credit facility that are
scheduled to mature in 2018.
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 BofA Merrill Lynch,
NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte,
NC 28255-0001, Attn: Prospectus Department, or by email at
dg.prospectus_requests@baml.com.
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 and our ability to obtain
a new senior term loan facility. 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
risk factors discussed in the Prospectus Supplement to be filed
with the Securities and Exchange Commission and those in our annual
report on Form 10-K for the year ended December 31, 2016, and subsequent periodic
filings made with the Securities and Exchange
Commission. 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.
2017-06
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SOURCE Olin Corporation