Olin to prepay term loans, receivables facility with note proceeds

By Marisa Wong

Los Angeles, July 11 – Olin Corp. said it expects to prepay all of its outstanding senior term loans and all of the loans outstanding under its receivables financing credit facility using proceeds form an offering of senior notes.

Olin announced on Thursday that it plans to launch an offering of $750 million of senior notes due 2029. Remaining proceeds will be used to fund general corporate purposes.

Olin is a Clayton, Mo.-based manufacturer and distributor of chemical products and a manufacturer of ammunition.

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