An announcement from Olin ( (OLN) ) is now available.
On February 28, 2025, Olin Corporation announced the pricing of its private offering of $600 million in senior notes due 2033, with a 6.625% interest rate. The offering is expected to close on March 14, 2025, and the proceeds will be used for refinancing transactions, including redeeming existing senior notes and refinancing credit facilities. This move is part of Olin’s strategy to manage its debt and improve financial flexibility, though the offering is subject to customary closing conditions and market conditions.
More about Olin
Olin Corporation is a leading vertically integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition. The company produces chemical products such as chlorine, caustic soda, vinyls, epoxies, chlorinated organics, bleach, hydrogen, and hydrochloric acid. Olin’s Winchester division manufactures and distributes sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, industrial cartridges, and clay targets.
YTD Price Performance: -25.24%
Average Trading Volume: 1,845,579
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.89B
See more data about OLN stock on TipRanks’ Stock Analysis page.