Olin Offering $550 Million in New Debt
The Winchester parent is seeking to sell $550 million in new 5.0% senior notes due in 2030, with the net proceeds earmarked to pay down an equivalent amount of its term loan credit facility. Moody’s rated the new notes Ba1, noting that Olin should generate $1.1 billion of annual EBITDA in 2018 compared to under $900 million in 2017, and over $250 million in free ... Log in to view full article.
