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Olin Corp (OLN.N)

OLN.N on New York Stock Exchange

33.30USD
4:02pm EDT
Change (% chg)

$-0.24 (-0.72%)
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$33.54
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Volume
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$33.87
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Latest Key Developments (Source: Significant Developments)

Olin says on March 9, co, units entered into Second Amendment Agreement to October 5, 2015 Credit Agreement
Thursday, 9 Mar 2017 02:37pm EST 

Olin Corp : On March 9, co, units, entered into Second Amendment Agreement to Credit Agreement dated October 5, 2015 - SEC filing . Maturity dates for term loan facility and revolving credit facility were extended from October 5, 2020 to March 9, 2022- SEC filing . Pursuant to amendment, aggregate commitments under revolving credit facility were increased to $600 million - SEC filing .Pursuant to amendment, the aggregate principal amount of term loans under the term loan facility was increased to $1.38 billion.  Full Article

Olin announces pricing terms of debt offering
Monday, 6 Mar 2017 05:39pm EST 

Olin Corp : Olin announces pricing terms of debt offering . Olin Corp says pricing of its offering of $500 million aggregate principal amount of senior notes due 2027 . Senior notes will mature on September 15, 2027, will have an interest rate of 5.125 pct and will be issued at 100.00 pct of par value .Interest will be paid semi-annually on 15th day of March and september, beginning September 15, 2017.  Full Article

Olin Corp intends to commence an offering of $500 mln principal amount of senior notes due 2027
Monday, 6 Mar 2017 09:05am EST 

Olin Corp - : Intends to commence an offering of $500 million aggregate principal amount of senior notes due 2027 .Proceeds of offering with anticipated borrowings expected to to prepay term loans outstanding under existing credit facility scheduled to mature in 2018.  Full Article

Olin Corp says full year 2017 adjusted EBITDA guidance range expected to be $1 billion
Tuesday, 28 Feb 2017 06:31am EST 

Olin Corp : Olin Corp says full year 2017 adjusted EBITDA guidance range expected to be $1 billion, +/- 5% .Olin Corp says expect full-year 2017 cost synergy realization in $50 million to $75 million range.  Full Article

Olin Corp Q4 shr $0.10
Tuesday, 31 Jan 2017 08:30pm EST 

Olin Corp : Olin announces fourth quarter 2016 earnings . Q4 adjusted operating earnings per share $0.31 excluding items . Q4 earnings per share $0.10 . Q4 sales $1.386 billion versus i/b/e/s view $1.36 billion . Q4 earnings per share view $0.09 -- Thomson Reuters I/B/E/S . Sees fy capital spending in $300 million to $350 million range . Says chlor alkali products and vinyls sales for q4 2016 were $782.6 million compared to $779.4 million in q3 2016. .Expect 2017 epoxy results to improve compared to 2016.  Full Article

Olin Corp Q4 shr $0.10
Tuesday, 31 Jan 2017 06:51pm EST 

Olin Corp : Olin announces fourth quarter 2016 earnings . Q4 adjusted operating earnings per share $0.31 excluding items . Q4 earnings per share $0.10 . Q4 sales $1.386 billion versus i/b/e/s view $1.36 billion . Q4 earnings per share view $0.09 -- Thomson Reuters I/B/E/S . Sees fy capital spending in $300 million to $350 million range . Says chlor alkali products and vinyls sales for q4 2016 were $782.6 million compared to $779.4 million in q3 2016. .Expect 2017 epoxy results to improve compared to 2016.  Full Article

Olin qtrly loss per share $0.01
Monday, 1 Aug 2016 08:39pm EDT 

Olin Corp : Olin announces second quarter 2016 earnings . Q2 adjusted operating earnings per share $0.24 excluding items . Q2 sales $1.364 billion versus I/B/E/S view $1.42 billion . Sees Q3 2016 earnings per share $0.10 to $0.20 . Q2 loss per share $0.01 . Q2 earnings per share view $0.29 -- Thomson Reuters I/B/E/S . Olin Corp says expects full year adjusted EBITDA to be in range of $840 million to $900 million . Sequentially higher Chlor Alkali products and Vinyls segment earnings are expected for Q3 . Q3 earnings per share view $0.34, revenue view $1.46 billion -- Thomson Reuters I/B/E/S ."There are significant cost and operational synergy savings expected to be realized over next four to six quarters".  Full Article

Olin qtrly loss per share $0.01
Monday, 1 Aug 2016 06:29pm EDT 

Olin Corp : Olin announces second quarter 2016 earnings . Q2 adjusted operating earnings per share $0.24 excluding items . Q2 sales $1.364 billion versus I/B/E/S view $1.42 billion . Sees Q3 2016 earnings per share $0.10 to $0.20 . Q2 loss per share $0.01 . Q2 earnings per share view $0.29 -- Thomson Reuters I/B/E/S . Olin Corp says expects full year adjusted EBITDA to be in range of $840 million to $900 million . Sequentially higher Chlor Alkali products and Vinyls segment earnings are expected for Q3 . Q3 earnings per share view $0.34, revenue view $1.46 billion -- Thomson Reuters I/B/E/S ."There are significant cost and operational synergy savings expected to be realized over next four to six quarters".  Full Article

Olin expects 2016 adj. EBITDA in range $840 mln-$900 mln
Thursday, 21 Jul 2016 05:30pm EDT 

Olin Corp : For q2 2016, Olin now expects net income to be approximately breakeven and adjusted EBITDA to be approximately $180 million . Integration process remains on track, and there are significant cost and operational synergy savings to be realized over next 18 months . Revision to Q2 net income, adjusted EBITDA outlook was driven primarily by weaker than expected domestic caustic soda demand during May and June . Olin updates second quarter and full year 2016 outlook . Sees Q2 2016 earnings per share about $0.00 . Says continues to expect Winchester results for full year 2016 to exceed 2015 levels . Now expects full year 2016 adjusted EBITDA to be in range of $840 million to $900 million . Says "believes that second half 2016 performance will benefit from higher domestic and export caustic soda pricing" .Expects procurement and maintenance related cost and operational savings of $125 million to $150 million over next four to six quarters.  Full Article

Olin Corp announces chlor alkali capacity reductions - Reuters News
Monday, 21 Mar 2016 07:50am EDT 

Olin Corp:Olin announces chlor alkali capacity reductions.Will close its chlor alkali plant in Henderson, Nevada.Henderson workforce will be reduced by approximately 100 positions​.Q1 2016 results will contain approximately $95 million of pretax restructuring charges.Cash component of these charges includes employee related costs and contract terminations associated with Henderson, Nevada facility​.Approximately 80 percent of these restructuring charges represent non-cash asset impairment charges.Charges are associated with plans to close a combined total of 433,000 tons of chlor alkali capacity across three separate Olin locations.Says capacity reduction will be effective march 31, 2016.Chlor alkali capacity at Freeport, Texas facility will be reduced by 220,000 tons.Following capacity reduction in Freeport, site will have 1,450,000 tons of membrane cell capacity,1,580,000 tons of diaphragm cell capacity.Manufacturing of chlor alkali at Henderson location will cease on March 31, 2016​.  Full Article

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BRIEF-Olin Corp intends to commence an offering of $500 mln principal amount of senior notes due 2027

* Intends to commence an offering of $500 million aggregate principal amount of senior notes due 2027