Olin Announces Pricing Terms Of Debt Offering

CLAYTON, Mo., March 6, 2017 /PRNewswire/ -- Olin Corporation (NYSE: OLN) announced today the pricing of its offering of $500 million aggregate principal amount of Senior Notes due 2027 (the "Senior Notes"). The Senior Notes will mature on September 15, 2027, will have an interest rate of 5.125% and will be issued at 100.00% of par value. Interest will be paid semi-annually on the 15th day of March and September, beginning September 15, 2017. 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 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. Closing of the offering is expected to occur on March 9, 2017, 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 BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC  28255-0001, Attn: Prospectus Department, or by email at [email protected].

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 the risk factors discussed in the preliminary Prospectus Supplement filed with the Securities and Exchange Commission on March 6, 2017 and in the final 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.

2017-07

SOURCE Olin Corporation

Related Links

http://www.olin.com