New Issue-Olin Corp sells $150 mln in 10-yr notes

Fri Aug 14, 2009 4:10pm EDT 

  Aug 14 (Reuters) - Olin Corp (OLN.N) on Friday sold $150
million of senior notes, said IFR, a Thomson Reuters service.
  Citigroup and Bank of America were the joint bookrunning
managers for the sale.
BORROWER: OLIN CORP
AMT $150 MLN      COUPON 8.875 PCT    MATURITY 8/15/2019 
TYPE SR NOTES     ISS PRICE 99.19     FIRST PAY 2/15/2010
MOODY'S Ba1       YIELD 9.00 PCT      SETTLEMENT 8/19/2009
S&P SINGLE-B      SPREAD 544 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 5 YEARS*
*MAKE-WHOLE CALL 50 BPS
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