Olin to price $500 million five-year bullet in Thursday drive-by

By Paul A. Harris

Portland, Ore., May 14 – Olin Corp. plans to price a $500 million offering of five-year senior bullet notes (Ba3/BB-) in a Thursday drive-by, according to a syndicate source.

BofA Securities Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Wells Fargo Securities LLC, PNC Capital Markets LLC, SMBC Nikko Securities America Inc. and MUFG are the joint bookrunners.

The Rule 144A for life notes feature a par call 90 days prior to maturity but are otherwise non-callable.

The Clayton, Mo.-based chemical products and small caliber ammunition supplier plans to use the proceeds for general corporate purposes.

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