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Olin Corp (OLN)

OLN on New York Consolidated

36.64USD
18 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Olin Announces Pricing Terms Of Debt Offering
Tuesday, 16 Jan 2018 05:50pm EST 

Jan 16 (Reuters) - Olin Corp ::OLIN ANNOUNCES PRICING TERMS OF DEBT OFFERING.OLIN CORP - ANNOUNCED PRICING OF ITS OFFERING OF $550 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2030.OLIN CORP - ‍OFFERING WAS UPSIZED TO $550 MILLION FROM PREVIOUSLY ANNOUNCED OFFERING SIZE OF $500 MILLION​.OLIN CORP - SENIOR NOTES WILL MATURE ON FEBRUARY 1, 2030.  Full Article

Olin To Pursue Registered Debt Offering
Tuesday, 16 Jan 2018 07:18am EST 

Jan 16 (Reuters) - Olin Corp ::OLIN TO PURSUE REGISTERED DEBT OFFERING.OLIN CORP - INTENDS TO COMMENCE AN OFFERING OF $500 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2030.OLIN-TO USE PROCEEDS OF OFFERING, WITH CASH ON HAND, TO PREPAY IN PART TERM LOANS OUTSTANDING UNDER EXISTING TERM LOAN CREDIT FACILITY, MATURING 2022.  Full Article

Olin reports Q3 earnings per share $0.31
Monday, 30 Oct 2017 04:42pm EDT 

Oct 30 (Reuters) - Olin Corp :Olin announces third quarter 2017 earnings.Q3 earnings per share $0.31.Q3 sales $1.555 billion versus I/B/E/S view $1.58 billion.Q3 earnings per share view $0.37 -- Thomson Reuters I/B/E/S.Olin Corp - ‍expect Q4 2017 adjusted EBITDA of approximately $280 million with upside opportunities and downside risks of approximately 5 pct​.Olin Corp - ‍Q3 2017 adjusted EBITDA was reduced by $42.7 million associated with Hurricane Harvey​.  Full Article

Earl Shipp elected to Olin's board of directors
Wednesday, 25 Oct 2017 06:45pm EDT 

Oct 25 (Reuters) - Dowdupont Inc :Earl L. Shipp elected to Olin's board of directors and Olin declares 364th consecutive quarterly dividend.  Full Article

Olin lifts force majeure for product shipments from Texas
Friday, 29 Sep 2017 05:14pm EDT 

Sept 29 (Reuters) - Olin Corp :Olin lifts force majeure for product shipments from Freeport, Texas.Q3 2017 adjusted EBITDA will be reduced by approximately $40 million​.Says was forced to reduce production at facility due to supply and logistic constraints caused by flooding resulting from Hurricane Harvey​.Lifting force majeure of Aug. for product shipments, except phenol, acetone, methylene chloride & chloroform, from Freeport, Texas facility​.Isolated transportation, raw material, customers issues will continue in both chlor alkali products & vinyls & epoxy segments into Q4 2017.  Full Article

Olin Q2 loss per share $0.04
Monday, 31 Jul 2017 05:30pm EDT 

July 31 (Reuters) - Olin Corp :Olin announces second quarter 2017 earnings and reiterates full year 2017 guidance.Q2 loss per share $0.04.Q2 sales $1.527 billion versus I/B/E/S view $1.5 billion.Q2 earnings per share view $0.09 -- Thomson Reuters I/B/E/S.Sets quarterly dividend of $0.20 per share.Olin corp - H2 epoxy results expected to benefit from more favorable pricing and lower raw material costs than were experienced in first half 2017​.Olin Corp - ‍Winchester Q2 segment earnings of $19.0 million below expectation due to less favorable sales product mix, lower commercial sales volumes​.Olin Corp - ‍in H2, expect Winchester will benefit from seasonally strong Q3 commercial ammunition demand and an expected improvement in military sales​.For full year 2017, we are reiterating our annual adjusted EBITDA forecast of approximately $1 billion.FY2017 earnings per share view $1.18, revenue view $6.25 billion -- Thomson Reuters I/B/E/S.  Full Article

Olin updates second quarter 2017 outlook
Monday, 19 Jun 2017 05:30pm EDT 

June 19 (Reuters) - Olin Corp -:Olin updates second quarter 2017 outlook.Olin Corp - Q2 2017 adjusted ebitda will be reduced by approximately $45 million.Olin Corp says for full year 2017, Olin is reiterating annual adjusted ebitda forecast of $1 billion.Olin Corp - is reiterating annual adjusted ebitda forecast of $1 billion with upside opportunities and downside risks of approximately 5%.Olin expects second half 2017 adjusted ebitda to be significantly higher than first half 2017 levels.Olin - q2 adjusted ebitda to be reduced due to impact from extended vinyl chloride monomer (vcm) plant turnaround and an unplanned bisphenol a plant outage.Olin Corp - during q2, planned vcm plant 40-day maintenance turnaround at freeport, texas facility required an extension of approximately four weeks.Second half 2017 adjusted ebitda is forecast to benefit from reduced maintenance turnaround activity compared to first half levels.Olin Corp - second half 2017 adjusted ebitda benefit is expected to be approximately $90 million to $100 million.Olin - in h2 2017, chlor alkali products and vinyls business forecast to benefit from seasonally stronger demand, improved caustic soda, among others.Olin Corp - second half 2017 epoxy results are expected to benefit from lower raw material costs than were experienced in first half 2017.  Full Article

Olin Corp Q1 shr $0.08
Tuesday, 2 May 2017 08:10pm EDT 

May 3 (Reuters) - Olin Corp ::Olin announces first quarter 2017 earnings.Q1 earnings per share $0.08.Q1 sales $1.567 billion versus I/B/E/S view $1.44 billion.Q1 earnings per share view $0.22 -- Thomson Reuters I/B/E/S.Olin corp says reiterated full year 2017 adjusted ebitda forecast of $1 billion.q2 2017 adjusted ebitda is forecast to improve slightly compared to q1 2017 levels.expect improved performance from both epoxy and winchester in second half of 2017 compared to first half of year.Olin corp says expect second half 2017 adjusted ebitda to be significantly stronger than first half 2017 levels.second half 2017 epoxy results are expected to benefit from lower raw material costs than were experienced in q1.Sees 2017 capital spending in $300 million to $350 million range.In quarter,favorable results in chlor alkali products, vinyls were primarily result of higher than anticipated caustic soda,ethylene dichloride pricing.  Full Article

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

BRIEF-Olin Announces Pricing Terms Of Debt Offering

* OLIN CORP - ANNOUNCED PRICING OF ITS OFFERING OF $550 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2030