OLIN Corp (OLN) Form 8-K — Oct 28, 2026
Olin Corporation entered into a Second Amendment to its credit agreement on October 27, 2026, establishing a new $750 million senior term loan facility and a $1.75 billion senior revolving credit facility maturing five years after closing. Bank of America, N.A. serves as administrative and collateral agent. The amendment is explicitly conditioned on consummation of Olin's previously announced merger of equals with Huntsman Corporation under the June 15, 2026 merger agreement.
Key figures
- Debt Amount
- 750000000
- Interest Rate
- SOFR/EURIBOR/SONIA + 1.500%-2.125% or base rate + 0.500%-1.125%
- Maturity Date
- Five years after Second Amendment Closing Date
- Cost savings addback cap
- 300000000
- Revolving credit facility
- 1750000000
- Max net leverage long term
- 4.00:1.00
- Total replacement facilities
- 2500000000
- Annual dividend cap per share
- $0.80
- Min interest coverage long term
- 3.00:1.00
- Term loan quarterly amortization
- 1.250% of original principal, rising to 1.875%
- Max net leverage collateral period start
- 5.50:1.00
- Permitted receivables facility exclusion
- 600000000
AI analysis
Red flags4 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.