OLIN Corp — Form 8-K
Filed October 28, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 72/100
What the filing says
On October 27, 2026, Olin Corporation amended its credit facilities to support the pending OlinHuntsman Merger with Huntsman Corporation. The Second Amendment refinances existing term loans and revolving commitments into $750M initial term loans and $1.75B revolving commitments (total $2.5B). Concurrent with the merger closing, new lenders provide replacement and additional facilities. Key covenants include leverage ratios declining from 5.50x to 4.00x through Q1 2029, and interest coverage ratios of 2.50x–3.00x. The amendment permits up to $300M in annual merger synergies add-backs (declining to 25% of EBITDA post-collateral release) and includes typical merger-related conditions and pricing adjustments.
Why this rating
Major refinancing tied to transformational $15B+ Huntsman merger; sizable relative to $2.3B market cap but contingent on deal close. Materially restructures debt covenants and pricing; moderate execution risk remains. Significant but not yet deal-changing pending consummation.
Price action (we called it neutral)
before filing · preread $16.50 ▲ 0.00% | at our read · unknown $16.50 | +10 min · unknown $16.43 ▼ 0.39% | +30 min · unknown $16.43 ▼ 0.42% | +1 hr · unknown $16.66 ▲ 0.97% | +4 hrs · unknown $16.52 ▲ 0.12% |
The stock had already moved +0.00% between hitting EDGAR and our read finishing — deltas above are measured from our read.
Quotes via Yahoo Finance at capture time; for filings arriving outside market hours the clock starts at the next open. Not investment advice. How accurate are our calls? →
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