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|
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(State or Other Jurisdiction of Incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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(Address of principal executive offices)
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(Zip Code)
|
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Title of each class
|
Trading Symbol(s)
|
Name of each exchange on which registered
|
|
|
|
Item 1.01.
|
Entry into a Material Definitive Agreement.
|
Item 9.01.
|
Financial Statements and Exhibits.
|
Exhibit
No.
|
Exhibit
|
|
104
|
Cover Page Interactive Data File (embedded within the Inline XBRL document)
|
OLIN CORPORATION
|
|||
|
By:
|
/s/ Eric A. Blanchard
|
|
Name: Eric A. Blanchard
|
|||
Title: Vice President, General Counsel
|
|||
and Secretary
|
Consolidated Leverage Ratio
|
Pricing Level
|
|
Less than or equal to 1.00:1.00
|
I
|
|
Greater than 1.00:1.00 but less
|
||
than or equal to 1.50:1.00
|
II
|
|
Greater than 1.50:1.00 but less
|
||
than or equal to 2.50:1.00
|
III
|
|
Greater than 2.50:1.00 but less
|
||
than or equal to 3.00:1.00
|
IV
|
|
Greater than 3.00:1.00 but less
|
V
|
|
than or equal to 4.00:1:00
|
||
Greater than 4:00:1.00
|
VI
|
Period
|
Consolidated Leverage Ratio
|
September 30, 2019 through and including December 31, 2019
|
4.00:1.00
|
March 31, 2020 through and including September 30, 2020
|
4.75:1.00
|
December 31, 2020 through and including June 30, 2021
|
4.50:1.00
|
September 30, 2021 through and including December 31, 2021
|
4.25:1.00
|
March 31, 2022 through and including June 30, 2022
|
4.00:1.00
|
September 30, 2022 and thereafter
|
3.75:1.00”
|
Period
|
Consolidated Interest Coverage Ratio
|
September 30, 2019 through and including December 31, 2019
|
3.50:1.00
|
March 31, 2020 through and including December 31, 2020
|
2.50:1.00
|
March 31, 2021 through and including June 30, 2021
|
3.00:1.00
|
September 30, 2021 and thereafter
|
3.50:1.00”
|
OLIN CORPORATION |
PNC BANK, NATIONAL
ASSOCIATION, Individually and as
Administrative Agent
|
|||||
/s/ Teresa M. Vermillion
|
/s/ Caleb A. Shapkoff |
|||||
Name:
|
Teresa M. Vermillion |
Name:
|
Caleb A. Shapkoff | |||
Title:
|
Vice President and Treasurer |
Title:
|
Vice President |
WELLS FARGO BANK, N.A.
|
BANK OF AMERICA, N.A.
|
|||||
/s/ Nathan R. Rantala |
/s/ Jason Payne |
|||||
Name:
|
Nathan R. Rantala |
Name:
|
Jason Payne | |||
Title:
|
Managing Director |
Title:
|
Vice President |
THE NORTHERN TRUST COMPANY
|
TRUIST BANK (f/k/a Branch Banking and
Trust Company)
|
|||||
/s/ Wicks Barkhausen |
/s/ Trevor H. Williams |
|||||
Name:
|
Wicks Barkhausen |
Name:
|
Trevor H. Williams | |||
Title:
|
Senior Vice President |
Title:
|
Vice President |
BOKF, N.A. d/b/a
BANK OF OKLAHOMA
|
|||||
/s/ Timberly Harding |
|
||||
Name:
|
Timberly Harding |
|
|||
Title:
|
Senior Vice President |
|
Pricing Level
|
Applicable Commitment
Fee Rate*
|
Designated
Basis
Points
|
I
|
N/A
|
.80%
|
II
|
N/A
|
.95%
|
III
|
N/A
|
1.15%
|
IV
|
N/A
|
1.35%
|
V
|
N/A
|
1.70%
|
VI
|
N/A
|
1.95%
|
Pricing Level
|
Consolidated Net
Leverage Ratio
|
Applicable Margin
|
Commitment/
Ticking Fee Rate
|
|
Eurodollar Rate
|
Base Rate
|
|||
I
|
≤ 1.50:1.00
|
1.125%
|
0.125%
|
0.175%
|
II
|
> 1.50:1.00 but ≤
2.50:1.00
|
1.375%
|
0.375%
|
0.200%
|
III
|
> 2.50:1.00 but ≤
3.50:1.00
|
1.625%
|
0.625%
|
0.250%
|
IV
|
> 3.50:1.00 but ≤
4.00:1.00
|
1.875%
|
0.875%
|
0.300%
|
V
|
> 4.00:1.00
|
2.125%
|
1.125%
|
0.350%
|
Pricing Level
|
Debt Ratings
(S&P/Moody’s/Fitch)
|
Applicable Margin
|
Commitment/
Ticking Fee Rate
|
|
Eurodollar Rate
|
Base Rate
|
|||
I
|
A- / A3 / A- or higher
|
1.000%
|
0.000%
|
0.100%
|
II
|
BBB+ / Baa1 / BBB+
|
1.125%
|
0.125%
|
0.125%
|
III
|
BBB / Baa2 / BBB
|
1.250%
|
0.250%
|
0.150%
|
IV
|
BBB- / Baa3 / BBB-
|
1.375%
|
0.375%
|
0.200%
|
Period
|
Consolidated Net
Leverage Ratio
|
September 30, 2019 through and including December 31, 2019
|
4.00:1.00
|
March 31, 2020 through and including September 30, 2020
|
4.75:1.00
|
December 31, 2020 through and including June 30, 2021
|
4.50:1.00
|
September 30, 2021 through and including December 31, 2021
|
4.25:1.00
|
March 31, 2022 through and including June 30, 2022
|
4.00:1.00
|
September 30, 2022 and thereafter
|
3.75:1.00
|
Period
|
Consolidated Interest
Coverage Ratio
|
September 30, 2019 through and including December 31, 2019
|
3.50:1.00
|
March 31, 2020 through and including December 31, 2020
|
2.50:1.00
|
March 31, 2021 through and including June 30, 2021
|
3.00:1.00
|
September 30, 2021 and thereafter
|
3.50:1.00
|
OLIN CORPORATION
|
||||
|
By:
|
/s/ Teresa M. Vermillion | ||
Name: |
Teresa M. Vermillion
|
|||
Title: |
Vice President and Treasurer
|
|||
BLUE CUBE SPINCO LLC
|
||||
|
By:
|
/s/ Teresa M. Vermillion | ||
Name: |
Teresa M. Vermillion
|
|||
Title: |
Vice President and Treasurer
|
|||
WELLS FARGO BANK, NATIONAL ASSOCIATION,
as Administrative Agent and Lender
|
||||
|
By:
|
/s/ Nathan R. Rantala |
||
Name: |
Nathan R. Rantala
|
|||
Title: |
Managing Director
|
|||
BANK OF AMERICA, N.A., as a Lender | ||||
|
By:
|
/s/ Jason Payne |
||
Name: |
Jason Payne
|
|||
Title: |
Vice President
|
|||
JPMORGAN CHASE BANK, N.A., as a Lender | ||||
|
By:
|
/s/ Krys Szremski |
||
Name: |
Krys Szremski
|
|||
Title: |
Executive Director
|
|||
CITIBANK, N.A., as a Lender
|
||||
|
By:
|
/s/ Millie Schild |
||
Name: |
Millie Schild
|
|||
Title: |
Vice President
|
|||
SUMITOMO MITSUI BANKING CORPORATION, as a
Lender
|
||||
|
By:
|
/s/ Michael Maguire |
||
Name: |
Michael Maguire
|
|||
Title: |
Executive Director
|
|||
PNC BANK, NATIONAL ASSOCIATION, as a Lender
|
||||
|
By:
|
/s/ Caleb A. Shapkoff |
||
Name: | Caleb A. Shapkoff | |||
Title: |
Vice President
|
|||
MUFG BANK, LTD., as a Lender
|
||||
|
By:
|
/s/ Eric Hill |
||
Name: |
Eric Hill
|
|||
Title: |
Authorized Signatory
|
|||
ING BANK N.V., DUBLIN BRANCH, as a Lender
|
||||
|
By:
|
/s/ Barry Fehily |
||
Name: |
Barry Fehily
|
|||
Title: |
Managing Director
|
|||
|
By:
|
/s/ Sean Hassett |
||
Name: |
Sean Hassett
|
|||
Title: |
Director
|
|||
THE TORONTO-DOMINION BANK, as a Lender
|
||||
|
By:
|
/s/ Tabish Anjum |
||
Name: |
Tabish Anjum
|
|||
Title: |
Senior Analyst, National Accounts
|
|||
|
By:
|
/s/ Cyrus Zahiri |
||
Name: |
Cyrus Zahiri
|
|||
Title: |
Manager, Commercial Credit National Accounts
|
|||
INTESA SANPAOLO S.P.A. - NEW YORK BRANCH,
as a Lender
|
||||
|
By:
|
/s/ Alessandro Tolgo |
||
Name: |
Alessandro Tolgo
|
|||
Title: |
Head of Corporate Desk
|
|||
|
By:
|
/s/ William Denton |
||
Name: |
William Denton
|
|||
Title: |
Global Relationship Manager
|
|||
BARCLAYS BANK PLC, as a Lender
|
||||
|
By:
|
/s/ Sydney G. Dennis |
||
Name: |
Sydney G. Dennis
|
|||
Title: |
Director
|
|||
TRUIST BANK (f/k/a/ BRANCH BANKING AND TRUST COMPANY), as a Lender
|
||||
|
By:
|
/s/ Trevor H. Williams |
||
Name: | Trevor H. Williams | |||
Title: |
Vice President
|
|||
THE NORTHERN TRUST COMPANY, as a Lender
|
||||
|
By:
|
/s/ Wicks Barkhausen |
||
Name: |
Wicks Barkhausen
|
|||
Title: |
Senior Vice President
|
|||
U.S. BANK NATIONAL ASSOCIATION, as a Lender
|
||||
|
By:
|
/s/ Marty McDonald |
||
Name: |
Marty McDonald
|
|||
Title: |
Vice President
|
|||
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Document and Entity Information |
Dec. 20, 2019 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Dec. 20, 2019 |
Entity Registrant Name | OLIN CORPORATION |
Entity Incorporation, State or Country Code | VA |
Entity File Number | 001-01070 |
Entity Tax Identification Number | 13-1872319 |
Entity Address, Address Line One | 190 Carondelet Plaza Suite 1530 |
Entity Address, City or Town | Clayton |
Entity Address, State or Province | MO |
Entity Address, Postal Zip Code | 63105 |
City Area Code | 314 |
Local Phone Number | 480-1400 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Entity Emerging Growth Company | false |
Entity Central Index Key | 0000074303 |
Title of 12(b) Security | Common Stock, $1 par value |
Trading Symbol | OLN |
Security Exchange Name | NYSE |