SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 20, 2001
OLIN CORPORATION
(Exact name of registrant as specified in its charter)
Virginia 1-1070 13-1872319
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
P.O. Box 4500, 501 Merritt 7, 06856-4500
Norwalk, Connecticut (Zip Code)
(Address of principal executive offices)
(203) 750-3000
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Item 5. Other Events.
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On December 11, 2001, Olin Corporation (the "Company")
completed the pricing of a public debt offering of $200 million aggregate
principal amount of 9.125% Senior Notes due 2011 (the "Notes"). The net proceeds
of approximately $197 million will be used to repay our $100 million aggregate
principal amount 8.0% Notes Due 2002 and to repay our short-term indebtedness
(estimated to be approximately $70 million). Any remaining proceeds will be
available for general corporate purposes. Pending these uses, we expect to
invest net proceeds of the offering of the Notes in short-term,
interest-bearing, investment-grade securities.
Attached as Exhibit 4 and incorporated herein by reference is a Second
Supplemental Indenture dated as of December 11, 2001, to the Senior Debt
Indenture between Olin Corporation and JPMorgan Chase Bank (formerly known as
Chemical Bank), as Trustee, dated as of June 15, 1992, as amended and
supplemented by the First Supplemental Indenture dated as of March 18, 1994.
Item 7. Exhibits.
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Exhibit No. Exhibit
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4 Second Supplemental Indenture dated as of December
11, 2001, to the Senior Debt Indenture between Olin
Corporation and JPMorgan Chase Bank (formerly known
as Chemical Bank) as Trustee, dated as of June 15,
1992, as amended and supplemented by the First
Supplemental Indenture dated as of March 18, 1994.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
OLIN CORPORATION
By: /s/ Johnnie M. Jackson, Jr.
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Name: Johnnie M. Jackson, Jr.
Title: Vice President, General
Counsel and Secretary
Date: December 20, 2001
EXHIBIT INDEX
Exhibit No. Exhibit
4 Second Supplemental Indenture dated as of December
11, 2001, to the Senior Debt Indenture between Olin
Corporation and JPMorgan Chase Bank (formerly known
as Chemical Bank) as Trustee, dated as of June 15,
1992, as amended and supplemented by the First
Supplemental Indenture dated as of March 18, 1994.