Olin completes $265 million unsecured revolving credit facility

By Sara Rosenberg

New York, April 27 - Olin Corp. closed on a new $265 million five-year unsecured senior revolving credit facility, according to an 8-K filed with the Securities and Exchange Commission on Friday.

The facility consists of a $215 million U.S. tranche and a $50 million U.S./Canadian tranche.

There is a $100 million accordion feature.

Wells Fargo Securities LLC, Citigroup Global Markets Inc. and Bank of America Merrill Lynch were the joint lead arrangers and bookrunners on the deal.

Proceeds were used to replace a $240 million senior revolver.

Olin is a Clayton, Mo.-based manufacturer of chlorine and caustic soda, sodium hydrosulfite, hydrochloric acid, hydrogen, potassium hydroxide and bleach products, as well as a manufacturer of sporting ammunition, reloading components, small caliber military ammunition and components and industrial cartridges.

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