Olin Corp. (OLN), Friday announced its intention to offer offer $600 million aggregate principal amount of senior notes due 2033.
Along with borrowings under new replacement credit facilities, Olin expects to use the proceeds to redeem all of its $500 million of 5.125 percent Senior Notes due 2027, refinance its existing revolving credit facility as well as term loan facility, and pay related fees and expenses.
In the pre-market hours, Olin's stock is trading at $25.83, up 3.07 percent on the New York Stock Exchange.
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