Financing ·
OLIN Corp extends receivables purchase agreement termination date to July 31, 2028
OLNOLIN Corp
Olin Finance Company, LLC, a wholly owned subsidiary of OLIN Corp, entered into Amendment No. 2 to its Receivables Purchase Agreement with PNC Bank and other purchasers. The amendment extends the scheduled termination date of the facility to July 31, 2028. OLIN Corp acts as servicer and performance guarantor for the agreement. This transaction modifies existing financing terms rather than raising new capital or issuing debt securities. OLIN Corp manufactures brass products and chemical intermediates used in industrial applications.