Olin To Pursue Private Offering of Senior Notes

Company Overview - Olin Corporation is a leading vertically integrated global manufacturer and distributor of chemical products and a prominent U.S. manufacturer of ammunition [6] - The chemical products produced include chlorine, caustic soda, vinyls, epoxies, chlorinated organics, bleach, hydrogen, and hydrochloric acid [6] - Winchester, a division of Olin, produces and distributes various types of ammunition and related components [6] Offering Details - Olin Corporation intends to offer $600 million aggregate principal amount of senior notes due 2033 [1] - The Senior Notes will be Olin's senior unsecured obligations and will not be guaranteed by any subsidiaries on the issue date [1] - The net proceeds from the Offering will be used to redeem$500 million of 5.125% Senior Notes due 2027, refinance existing credit facilities, and pay related fees and expenses [2] Refinancing Transactions - The Offering is part of a broader refinancing strategy that includes redeeming the 2025 Notes and refinancing existing revolving credit and term loan facilities [2] - The Offering is not conditioned on the closing of the Replacement Credit Facilities [2] Regulatory Compliance - The Senior Notes will be offered in a private offering exempt from the registration requirements of the Securities Act of 1933 [3] - The offering will be limited to qualified institutional buyers and non-U.S. persons outside the United States [3] Market Conditions - The ability to consummate the Offering and Refinancing Transactions is subject to prevailing market conditions [10]