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The latest update is out from Olin ( (OLN) ).
Olin Corporation has entered into a $500 million Receivables Purchase Agreement to sell trade receivables on a revolving basis, involving subsidiaries and multiple financial parties. This agreement replaces an existing financing facility and allows Olin to use the proceeds for corporate purposes while maintaining a net leverage covenant. As of the agreement’s initiation, $450 million has been exchanged, with $350 million used to settle previous financial commitments.
Learn more about OLN stock on TipRanks’ Stock Analysis page.