Oct 30
Clayton, Missouri –Olin Corporation (NYSE:OLN) has entered into a new $220 million five-year senior revolving credit facility that replaces its $160 million senior revolving credit facility. The new credit facility will expire on October 29, 2012 and is comprised of a $190 million US dollar denominated portion under which Olin may borrow and a $30 million US/Canadian dollar denominated portion under which Olin and one of its Canadian subsidiaries may borrow. The facility is unsecured and contains restrictions on Olin that are similar to the restrictions contained in the $160 million senior revolving credit facility. The facility also includes a $110 million letter of credit subfacility.
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