Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
January 17 2018 - 5:04AM
Edgar (US Regulatory)
Filed pursuant to Rule 433
Issuer Free Writing Prospectus
Registration Statement No. 333-216461
(To the Preliminary Prospectus Supplement
dated January 16, 2018)
$550,000,000
Olin Corporation
5.000% Senior Notes due 2030
Term Sheet
January 16, 2018
The aggregate
principal amount of Notes (as defined below) to be issued in the offering increased from $500,000,000 to $550,000,000. The net proceeds of the offering will be used, together with approximately $8.9 million of cash on hand, to prepay $550 million
aggregate principal amount of term loans outstanding under the Issuers term loan facility. The information in the preliminary prospectus supplement (including, but not limited to, the financial information in the capitalization table and use
of proceeds) is deemed to have changed to the extent affected by the increase in the size of the offering of the Notes.
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Issuer:
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Olin Corporation
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Offering Size:
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$550,000,000, which represents an increase of $50,000,000 from the offering size in the preliminary prospectus supplement
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Title of Securities:
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5.000% Senior Notes due 2030 (the Notes)
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Maturity:
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February 1, 2030
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Offering Price:
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100.000%, plus accrued interest, if any, from January 19, 2018
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Coupon:
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5.000%
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Yield to Maturity:
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5.000%
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Gross Proceeds:
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$550,000,000
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Underwriting Discount:
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1.25%
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Net Proceeds to Issuer before
Estimated Expenses:
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$543,125,000
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Interest Payment Dates:
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February 1 and August 1, commencing August 1, 2018
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Record Dates:
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January 15 and July 15
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Optional Redemption:
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Make-whole call at T+50 basis points prior to February 1, 2024.
Callable thereafter at the following prices:
For the twelve-month period beginning on February 1 of the years indicated
below:
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Year
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Percentage
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2024
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102.500
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2025
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101.250
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2026
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100.625
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2027 and thereafter
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100.000
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%
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Equity Clawback:
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Up to 35% at 105.000% until February 1, 2021.
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Joint Book-Running
Managers:
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Citigroup Global Markets Inc.
J.P.
Morgan Securities LLC
Wells Fargo Securities, LLC
Merrill
Lynch, Pierce, Fenner & Smith
Incorporated
PNC Capital Markets LLC
SMBC Nikko Securities America, Inc.
Scotia Capital (USA) Inc.
MUFG Securities Americas Inc.
Deutsche Bank Securities Inc.
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Co-Manager:
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TD Securities (USA) LLC
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Trade Date:
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January 16, 2018
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Settlement Date:
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January 19, 2018 (T+3)
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Distribution:
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SEC Registered Offering
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CUSIP Number:
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680665AK2
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ISIN Number:
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US680665AK27
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The Issuer has filed a registration statement (including a prospectus) with the Securities and Exchange
Commission (SEC) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents the Issuer has filed with
the SEC for more complete information about the Issuer and this offering. You may get these documents for free by visiting the Next-Generation EDGAR System on the SEC web site at
www.sec.gov
. Interested parties may also obtain a prospectus
and the related prospectus supplement from Citigroup Global Markets Inc., c/o Broadridge Financial Services, 1155 Long Island Avenue, Edgewood, NY 11717 or by calling toll free at 1-800-831-9146.
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It is expected that delivery of the notes will be made, against payment of the notes, on or about
January 19, 2018, which will be the third business day in the United States following the date of pricing of the notes. Under Rule 15c6-1 of the Exchange Act, purchases or sales of securities in the secondary market generally are required to
settle within two business days (this settlement cycle being referred to as T+2), unless the parties to any such transaction expressly agree otherwise. Accordingly, purchasers of the notes who wish to trade the notes on the date hereof
will be required, because the notes will settle within three business days (T+3) in the United States, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the notes who wish to trade
on the date hereof should consult their own legal advisors.
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The information in this communication is qualified in its entirety by reference to the
preliminary prospectus supplement and supplements the information in the preliminary prospectus supplement and supersedes the information in the preliminary prospectus supplement to the extent it is inconsistent with such information. Other
information (including financial information) presented in the preliminary prospectus supplement is deemed to have changed to the extent affected by the changes described herein. Before you invest, you should read the preliminary prospectus
supplement (including the documents incorporated by reference therein) for more information concerning the Issuer and the Notes.
ANY
DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG EMAIL OR
ANOTHER COMMUNICATION SYSTEM.
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