Olin amends credit agreement for $2.5 billion in facilities tied to Huntsman merger
Olin signed a Second Amendment to its Credit Agreement, which takes effect only if its merger with Huntsman closes. It would provide a $750 million term loan and a $1.75 billion revolving credit facility, expected to refinance existing debt and repay Huntsman's revolver, with a five-year maturity. The filing shows the merger is a condition, so the facilities depend on that transaction completing.
Key points
- Term Loan Facility of $750 million and Revolving Credit Facility of $1.75 billion, both maturing five years after the closing date
- Closing is subject to the Huntsman merger, under an agreement dated June 15, 2026, and to other specified conditions
- Term loan expected to be fully drawn at closing to refinance existing loans and repay Huntsman's revolving credit facility
- Financial maintenance covenants include a consolidated net leverage ratio of no more than 5.50 to 1.00 through March 31, 2027
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.