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Olin Announces Redemption Of 10% Senior Notes Due 2025

Olin Announces Redemption Of 10% Senior Notes Due 2025 News provided by Share this article Share this article CLAYTON, Mo., April 14, 2021 /PRNewswire/  Olin Corporation (NYSE: OLN) announced today that it has notified bondholders that it intends to redeem all $185 million of its outstanding 10% senior notes due October 15, 2025 (the Notes ).  The Notes are expected to be redeemed on May 14, 2021 at a redemption price in cash of 105% of the principal amount of the Notes (representing an aggregate premium of approximately $9.3 million).  The Notes were issued in connection with the 2015 Dow Chlorine Products acquisition.  Olin expects to fund the redemption using $195 million of cash generated from operations.  

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