CLAYTON, Mo., Feb. 28, 2025 /PRNewswire/ — Olin Company (NYSE: OLN) introduced these days the pricing of its up to now introduced non-public providing (the “Offering”) of $600 million combination predominant quantity of 6.625% senior notes due 2033 (the “Senior Notes”).  The preliminary providing worth to buyers shall be 100.000% of the predominant quantity thereof.   The Senior Notes shall be Olin’s senior unsecured duties and may not be assured via any subsidiaries of Olin at the factor past.  The utmost of the Providing is predicted to happen on March 14, 2025, matter to normal utmost statuses.

Olin intends to utility the online proceeds of the Providing, along with borrowings beneath unutilized alternative credit score amenities that Olin intends to go into into at the same time as with or in a while upcoming the consummation of the Providing (the “Replacement Credit Facilities”), to (i) redeem all of its $500.0 million of five.125% Senior Notes due 2027 (the “2027 Notes”), (ii) refinance its present revolving credit score facility and pay off all borrowings thereunder, together with expected borrowings that shall be impaired to redeem all of its 9.500% Senior Notes due 2025 (the “2025 Notes”), (iii) refinance its present time period mortgage facility and (iv) pay connected charges and bills (jointly, the “Refinancing Transactions”). This press shed does now not represent a realize of redemption and does now not represent an deal to redeem or acquire any of the 2025 Notes or the 2027 Notes and the Providing isn’t conditioned at the utmost of the Substitute Credit score Amenities.

The Senior Notes are being presented in a personal providing discharged from the registration necessities of the Securities Work of 1933, as amended (the “Securities Act”).  The Senior Notes are being presented most effective to individuals quite believed to be certified institutional patrons pursuant to Rule 144A beneath the Securities Work and to non-U.S. individuals outdoor the USA in reliance on Law S beneath the Securities Work.

The Senior Notes have now not been registered beneath the Securities Work and is probably not presented or bought in the USA absent registration or an acceptable exemption from the registration necessities of the Securities Work and acceptable condition regulations.

This press shed does now not represent an deal to promote, or a solicitation of an deal to shop for, the Senior Notes nor shall there be any sale of the Senior Notes in any condition or jurisdiction during which such deal, solicitation or sale can be illegal previous to registration or qualification beneath the securities regulations of such a condition or jurisdiction.  Incorrect word of honour will also be made that the Providing shall be consummated on its proposed phrases or in any respect.

COMPANY DESCRIPTION

Olin Company is a prominent vertically built-in international producer and distributor of chemical merchandise and a prominent U.S. producer of ammunition. The chemical merchandise produced come with chlorine and caustic soda, vinyls, epoxies, chlorinated organics, lighten, hydrogen, and hydrochloric acid. Winchester’s predominant production amenities construct and distribute carrying ammunition, regulation enforcement ammunition, reloading parts, petite caliber army ammunition and parts, commercial cartridges, and clay goals.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

Statements on this press shed which don’t seem to be ancient in nature are “forward-looking statements” inside the that means of the federal securities regulations, together with statements in regards to the Providing.  Those statements frequently come with phrases equivalent to “anticipate,” “intend,” “may,” “expect,” “believe,” “should,” “plan,” “outlook,” “project,” “estimate,” “forecast,” “optimistic,” “target,” and diversifications of such phrases and alike expressions relate to analyses and alternative knowledge which can be in line with control’s ideals, sure guesses made via control, forecasts of generation occasions, and tide expectancies, estimates and projections in regards to the Providing, the Refinancing Transactions and the Substitute Credit score Amenities.

Those statements don’t seem to be promises of generation efficiency and contain sure dangers, uncertainties, and guesses, that are tricky to expect and lots of of that are past our keep an eye on. Subsequently, latest results and effects would possibly vary materially from the ones issues expressed or implied in such forward-looking statements. We adopt disagree legal responsibility to replace publicly any forward-looking statements, whether or not on account of generation occasions, unutilized knowledge or in a different way, aside from as required via regulation.

The hazards, uncertainties and guesses all for our forward-looking statements, a lot of that are mentioned in additional component in our filings with the SEC, together with with out limitation the “Risk Factors” division of our Annual Document on Mode 10-Ok for the week ended December 31, 2024 and alternative stories furnished or filed with the SEC, come with, however don’t seem to be restricted to, refer to:

• sensitivity to financial, trade and marketplace statuses in the USA and in another country, together with financial instability or a downturn within the sectors served via us;
• declines in reasonable promoting costs for our merchandise and the availability/call for steadiness for our merchandise, together with the affect of plenty trade capability or an imbalance in call for for our chlor alkali merchandise;
• unsuccessful execution of our working type, which prioritizes Electrochemical Unit (ECU) margins over gross sales volumes;
• failure to keep an eye on prices and inflation affects or failure to succeed in focused value discounts;
• our reliance on a restricted choice of providers for specified feedstock and products and services and our reliance on third-party transportation;
• availability of and/or higher-than-expected prices of uncooked subject matter, power, transportation, and/or logistics;
• the incidence of surprising production interruptions and outages, together with the ones happening on account of exertions disruptions and manufacturing hazards;
• publicity to bodily dangers related to climate-related occasions or larger severity and frequency of terrible climate occasions;
• the failure or an interruption, together with cyber-attacks, of our knowledge generation methods;
• dangers related to our world gross sales and operations, together with financial, political or regulatory adjustments;
• failure to spot, draw in, manufacture, book and inspire certified workers all the way through the group and talent to supremacy government officer and alternative key senior control transitions;
• our lack of ability to finish generation acquisitions or three way partnership transactions or effectively combine them into our trade;
• opposed statuses within the credit score and capital markets, proscribing or fighting our talent to borrow or elevate capital;
• susceptible trade statuses affecting our talent to conform to the monetary upkeep covenants in our present credit score amenities;
• our indebtedness and debt carrier duties;
• the results of any declines in international fairness markets on asset values and any declines in rates of interest or alternative vital guesses impaired to price the liabilities in, and investment of, our pension plans;
• our long-range plan guesses now not being learned, inflicting a non-cash impairment fee of long-lived belongings;
• adjustments in, or failure to conform to, regulation or govt laws or insurance policies, together with adjustments referring to our talent to form or utility sure merchandise and adjustments inside the world markets during which we perform;
• unutilized laws or people coverage adjustments in regards to the transportation of hazardous chemical compounds and the protection of chemical production amenities;
• surprising results from criminal or regulatory claims and complaints;
• prices and alternative expenditures in plenty of the ones projected for environmental investigation and remediation or alternative criminal complaints;
• diverse dangers related to our Pond Town U.S. Military Ammunition Plant oath and function beneath alternative governmental pledges; and
• failure to successfully supremacy environmental, social and governance (ESG) problems and connected laws, together with weather alternate and sustainability.

All of our forward-looking statements must be thought to be in luminous of those elements.  As well as, alternative dangers and uncertainties now not right now identified to us or that we believe immaterial may have an effect on the accuracy of our forward-looking statements.  We can’t ensure you that the proposed transactions described above shall be consummated at the phrases lately pondered, if in any respect.  Our talent to consummate the Refinancing Transactions and procure the Substitute Credit score Amenities is matter to widespread marketplace statuses.

2025-06

SOURCE Olin Company