Moody’s applies Ba1 to Olin notes

Moody's Investors Service said it assigned a Ba1 rating to Olin Corp.’s proposed $500 million senior notes due 2030.

Proceeds, combined with cash on hand, are expected to be used to repay $500 million of term loan debt and pay transaction-related fees and expenses.

All existing ratings, including the Ba1 corporate family rating, are not affected.

"Olin is taking advantage of strong conditions in the capital markets," Ben Nelson, Moody's vice president, senior credit officer and lead analyst for Olin, said in a news release.

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