Olin to redeem $315 million outstanding 10% notes due 2025

By Taylor Fox

New York, March 1 – Olin Corp. plans to redeem $315 million of outstanding 10% senior notes due Oct. 15, 2025, according to a news release.

The notes will be redeemed March 31 at a cash price of 105, representing a redemption premium of $15.8 million.

The redemption will be funded using $315 million of incremental delayed-draw term loan and cash on hand.

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

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