Olin Corporation, through its subsidiary Olin Finance Company, LLC, entered into an amendment to its Receivables Purchase Agreement on November 4, 2026. The primary change extends the scheduled termination date of the financing facility to July 31, 2028. The agreement was also updated to accommodate a potential future merger with Huntsman Corporation.
Key Details
- Agreement Extension: The scheduled termination date for the Receivables Purchase Agreement has been extended to July 31, 2028.
- Parties Involved: The amendment was executed with PNC Bank, National Association, as the administrative agent, along with other purchasers and group agents.
- Merger-Related Terms: The agreement's terms, including the definition of "Change in Control," were modified to clarify that the planned "OlinHuntsman Merger" will not trigger a change of control event under the facility. The agreement also acknowledges Olin's name is expected to change to OlinHuntsman Corporation upon the merger's consummation.