By Sheri Kasprzak
New York, Oct. 20 - The Industrial Development Authority of Washington County, Va., priced $70 million in series 2010 tax-exempt revenue bonds for Olin Corp., according to a form 8-K filed with the Securities and Exchange Commission.
PNC Capital Markets LLC was the lead manager for the offering.
The variable-rate bonds will bear interest at Libor flat.
Proceeds will be used to fund capital expenditures at Olin's McIntosh, Ala., facility.
Based in Clayton, Mo., Olin manufactures chlorine and caustic soda products.
| Issuer: | Industrial Development Authority of Washington County, Va./Olin Corp.
|
| Issue: | Series 2010 tax-exempt revenue bonds
|
| Amount: | $70 million
|
| Maturity: | 2024
|
| Coupon: | Libor flat
|
| Type: | Negotiated
|
| Underwriter: | PNC Capital Markets LLC (lead)
|
| Pricing date: | Oct. 14
|
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