Olin Corp., the parent of Winchester, announced the pricing of its previously announced private offering of $500 million aggregate principal amount of 9.5 percent senior notes due 2025.
The initial offering price to investors will be 99.5 percent of the principal amount thereof. Olin expects to use the net proceeds of the offering to fund general corporate purposes. The closing of the offering is expected to occur on May 19, 2020, subject to customary closing conditions.
Olin also makes chemical products including chlorine and caustic soda, vinyl, epoxies, chlorinated organics, bleach, and hydrochloric acid.
Photo courtesy Olin Corp.