OLN 10-K Annual Report Dec. 31, 2019 | Alphaminr
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OLN 10-K Fiscal year ended Dec. 31, 2019

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OLIN CORP
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TABLE OF CONTENTS
Part IItem 1. BusinessItem 1A. Risk FactorsItem 1B. Unresolved Staff CommentsItem 2. PropertiesItem 3. Legal ProceedingsItem 4. Mine Safety DisclosuresPart IIItem 5. Market For Registrant S Common Equity, Related Stockholder Matters and Issuer Purchases Of Equity SecuritiesItem 6. Selected Financial DataItem 7. Management S Discussion and Analysis Of Financial Condition and Results Of OperationsItem 7A. Quantitative and Qualitative Disclosures About Market RiskItem 8. Consolidated Financial Statements and Supplementary DataNote 1. Description Of BusinessNote 2. Accounting PoliciesNote 3. Recent Accounting PronouncementsNote 4. AcquisitionNote 5. Restructuring ChargesNote 6. Earnings Per ShareNote 7. Accounts ReceivablesNote 8. Allowance For Doubtful Accounts ReceivablesNote 9. InventoriesNote 10. Other AssetsNote 11. Property, Plant and EquipmentNote 12. Goodwill and Intangible AssetsNote 13. DebtNote 14. Pension PlansNote 15. Postretirement BenefitsNote 16. Income TaxesNote 17. Accrued LiabilitiesNote 18. Contributing Employee Ownership PlanNote 19. Stock-based CompensationNote 20. Shareholders EquityNote 21. Segment InformationNote 22. EnvironmentalNote 23. LeasesNote 24. Commitments and ContingenciesNote 25. Derivative Financial InstrumentsNote 26. Fair Value MeasurementsNote 27. Supplemental Guarantor Financial InformationNote 28. Other Financial DataItem 9. Changes in and Disagreements with Accountants on Accounting and Financial DisclosureItem 9A. Controls and ProceduresItem 9B. Other InformationPart IIIItem 10. Directors, Executive Officers and Corporate GovernanceItem 11. Executive CompensationItem 12. Security Ownership Of Certain Beneficial Owners and Management and Related Stockholder MattersItem 13. Certain Relationships and Related Transactions and Director IndependenceItem 14. Principal Accounting Fees and ServicesPart IVItem 15. Exhibits and Consolidated Financial Statement SchedulesItem 16. Form 10-k Summary

Exhibits

1 (a) Underwriting Agreement dated as of July 11, 2019, between Olin Corporation and J.P. Morgan Securities LLC, as representative of the several underwriters named thereinExhibit 1.1 to Olins Form 8-K dated July 16, 2019.* 2 (a) Merger Agreement dated as of March 26, 2015, among The Dow Chemical Company, Blue Cube Spinco Inc., Olin Corporation and Blue Cube Acquisition Corp.Exhibit 2.1 to Olins Form 8-K dated March 27, 2015.* 3 (a) Amended and Restated Articles of Incorporation of Olin Corporation as amended effective October 1, 2015Exhibit 3.1 to Olins Form 10-Q for the quarter ended September 30, 2015.* (b) Bylaws of Olin Corporation as amended effective August 8, 2019Exhibit 3.1 to Olins Form 8-K dated June 14, 2019.* (c) Articles of Amendment of the Amended and Restated Articles of Incorporation of Olin Corporation, effective on October 1, 2015Exhibit 3.1 to Olins Form 8-K dated October 5, 2015.* 4 (a) Description of Olin Corporation Securities registered under Section 12 of the Exchange Act. (b) Trust Indenture effective October 1, 2010 between The Industrial Development Authority of Washington County and U. S. Bank National Association, as trusteeExhibit 4.1 to Olins Form 8-K dated October 20, 2010.* (c) Loan Agreement effective October 1, 2010 between The Industrial Development Authority of Washington County and Olin CorporationExhibit 4.2 to Olins Form 8-K dated October 20, 2010.* (d) Bond Purchase Agreement dated October 14, 2010 between The Industrial Development Authority of Washington County, Olin Corporation and PNC Bank, National Association, as administrative agentExhibit 4.3 to Olins Form 8-K dated October 20, 2010.* (e) Trust Indenture effective December 1, 2010 between Mississippi Business Finance Corporation and U. S. Bank National AssociationExhibit 4.1 to Olins Form 8-K dated December 10, 2010.* (f) Second Supplemental Indenture dated as of August 9, 2012 between Olin Corporation, The Bank of New York Mellon Trust Company, N.A. and U. S. Bank National AssociationExhibit 4.1 to Olins Form 8-K dated August 9, 2012.* (g) Third Supplemental Indenture dated as of August 22, 2012 between Olin Corporation and U. S. Bank National AssociationExhibit 4.1 to Olins Form 8-K dated August 22, 2012.* (h) Fourth Supplemental Indenture dated as of March 9, 2017 between Olin Corporation and U.S. Bank National AssociationExhibit 4.3 to Olins Form 8-K dated March 9, 2017.* (i) Fifth Supplemental Indenture dated January 16, 2018 between Olin Corporation and U.S. Bank National Association, as trustee, governing the Senior NotesExhibit 4.1 to Olins Form 8-K dated January 19, 2018.* (j) Sixth Supplemental Indenture dated July 16, 2019 between Olin Corporation and U.S. Bank National Association, as trustee, governing the Senior NotesExhibit 4.1 to Olins Form 8-K dated July 16, 2019.* (k) Loan Agreement effective December 1, 2010 between Mississippi Business Finance Corporation and Olin CorporationExhibit 4.2 to Olins Form 8-K dated December 10, 2010.* (l) Bond Purchase Agreement dated December 9, 2010 between Mississippi Business Finance Corporation, Olin Corporation and PNC Bank, National Association, as administrative agentExhibit 4.3 to Olins Form 8-K dated December 10, 2010.* (m) Amended and Restated Credit and Funding Agreement dated December 9, 2010 between Olin Corporation, as borrower; PNC Bank, National Association, as administrative agent; PNC Capital Markets LLC, as lead arranger; and the Lenders party theretoExhibit 4.4 to Olins Form 8-K dated December 10, 2010.* (n) First Amendment dated December 27, 2010 to the Amended and Restated Credit and Funding Agreement dated December 9, 2010 between Olin Corporation, as borrower; PNC Bank, National Association, as administrative agent; PNC Capital Markets LLC, as lead arranger; and the Lenders party theretoExhibit 4.4 to Olins Form 8-K dated December 30, 2010.* (o) Second Amendment dated April 27, 2012 to Amended and Restated Credit and Funding Agreement dated December 9, 2010 among Olin Corporation, the Lenders, as defined therein, and PNC Bank, National Association, as administrative agent for the LendersExhibit 4.2 to Olins Form 8-K dated May 3, 2012.* (p) Third Amendment dated June 23, 2014 to Amended and Restated Credit and Funding Agreement dated December 9, 2010 among Olin Corporation, the Lenders, as defined therein, and PNC Bank, National Association, as administrative agent for the LendersExhibit 4.2 to Olins Form 8-K dated June 25, 2014.* (q) Amendment No. 4 dated June 23, 2015 to the Amended and Restated Credit and Funding Agreement dated December 9, 2010 among Olin Corporation, the Lenders, as defined therein, and PNC Bank, National Association, as administrative agentExhibit 10.3 to Olins Form 8-K dated June 29, 2015.* (r) Fifth Amendment dated September 29, 2016 to Amended and Restated Credit and Funding Agreement dated December 9, 2010 among Olin Corporation, the Lenders as defined therein, and PNC Bank, National Association, as administrative agent for the LendersExhibit 4.1 to Olins Form 10-Q dated May 3, 2017.* (s) Sixth Amendment dated March 9, 2017 to Amended and Restated Credit and Funding Agreement dated December 9, 2010 among Olin Corporation, the Lenders as defined therein, and PNC Bank, National Association, as administrative agent for the LendersExhibit 4.1 to Olins Form 8-K dated March 9, 2017.* (t) Seventh Amendment dated July 16, 2019 to Amended and Restated Credit and Funding Agreement dated December 9, 2010 among Olin Corporation, the Lenders as defined therein, and PNC Bank, National Association, as administrative agent for the LendersExhibit 4.3 to Olins Form 8-K dated July 16, 2019.* (u) Eighth Amendment dated December 20, 2019 to Amended and Restated Credit and Funding Agreement dated December 9, 2010 among Olin Corporation, the Lenders as defined therein, and PNC Bank, National Association, as administrative agent for the LendersExhibit 4.1 to Olins Form 8-K dated December 20, 2019.* (v) Form of 5.50% Senior Notes due 2022Exhibit 4.2 to Olins Form 8-K dated August 22, 2012.* (w) Forward Purchase Agreement, dated as of March 9, 2017, among Olin Corporation, the Lenders, as defined therein, and PNC Bank, National Association, as administrative agentExhibit 4.1 to Olins Form 8-K dated March 9, 2017.* (x) Senior Notes Indenture dated October 5, 2015 between Blue Cube Spinco Inc., as issuer, and U. S. Bank National Association, as trustee, governing the 9.75% Senior Notes due 2023Exhibit 4.1 to Olins Form 8-K dated October 5, 2015.* (y) Senior Notes Indenture dated October 5, 2015 between Blue Cube Spinco Inc., as issuer, and U. S. Bank National Association, as trustee, governing the 10.00% Senior Notes due 2025Exhibit 4.2 to Olins Form 8-K dated October 5, 2015.* (z) First Supplemental Indenture dated October 5, 2015 between Blue Cube Spinco Inc., as issuer, and Olin Corporation, as guarantor, and U. S. Bank National Association, as trustee, governing the 9.75% Senior Notes due 2023Exhibit 4.3 to Olins Form 8-K dated October 5, 2015.* (aa) First Supplemental Indenture dated October 5, 2015 between Blue Cube Spinco Inc., as issuer, and Olin Corporation, as guarantor, and U. S. Bank National Association, as trustee, governing the 10.00% Senior Notes due 2025Exhibit 4.4 to Olins Form 8-K dated October 5, 2015.* (bb) Form of 9.75% Senior Notes due 2023Exhibit 4.5 (included in Exhibit 4.1) to Olins Form 8-K dated October 5, 2015.* (cc) Form of 10.00% Senior Notes due 2025Exhibit 4.6 (included in Exhibit 4.2) to Olins Form 8-K dated October 5, 2015.* (dd) Form of 5.125% Senior Notes due 2027Exhibit 4.4 (included in Exhibit 4.3) to Olins Form 8-K dated March 9, 2017.* (ee) Form of 5.000% Senior Notes due 2030Exhibit 4.1 to Olins Form 8-K dated January 19, 2018.* (ff) Form of 5.625% Senior Notes due 2029Exhibit 4.2 (included in Exhibit 4.1) to Olins Form 8-K dated July 16, 2019.* (gg) Registration Rights Agreement dated October 5, 2015 relating to the 9.75% Senior Notes due 2023 and 10.00% Senior Notes due 2025 by and among Blue Cube Spinco Inc., Olin Corporation, J.P. Morgan Securities LLC and Wells Fargo Securities LLC for themselves and as representatives of other initial purchasersExhibit 4.7 to Olins Form 8-K dated October 5, 2015.* (hh) Receivables Financing Arrangement dated December 20, 2016 by and among Olin Finance Company, LLC, PNC Bank, National Association, Olin Corporation, PNC Capital Markets LLC and the Lender parties theretoExhibit 4(x) to Olins Form 10-K for 2016.* (ii) Amendment No. 1 to Receivables Financing Arrangement and Reaffirmation of Performance Guaranty dated July 16, 2019 among Olin Corporation, Olin Finance Company, LLC, PNC Bank, National Association, Olin Corporation, PNC Capital Markets LLC and the Lender parties theretoExhibit 10.2 to Olins Form 8-K dated July 16, 2019.* 10 (a) Senior Executive Pension Plan amended and restated effective October 24, 2008Exhibit 10.1 to Olins Form 10-Q for the quarter ended September 30, 2008.* (b) Supplemental Contributing Employee Ownership Plan as amended and restated effective January 1, 2018Exhibit 99.1 to Olins Form 8-K dated December 12, 2017.* (c) Olin Corporation Key Executive Life Insurance ProgramExhibit 10(e) to Olins Form 10-K for 2002.* (d) Olin Corporation Change in Control Severance Plan for Section 16(b) Officers effective January 27, 2019Exhibit 10.1 to Olins Form 8-K filed December 14, 2018.* (e) Olin Corporation Severance Plan for Section 16(b) Officers effective January 27, 2019Exhibit 10.2 to Olins Form 8-K filed December 14, 2018.* (f) Amended and Restated 1997 Stock Plan for Non-employee Directors codified to reflect amendments adopted through January 1, 2020. (g) Description of Restricted Stock Unit Awards granted under the 2000, 2003, 2006, 2009, 2014, 2016 or 2018 Long Term Incentive PlansExhibit 10(p) to Olins Form 10-K for 2008.* (h) Supplementary and Deferral Benefit Pension Plan as amended and restated effective October 24, 2008Exhibit 10.2 to Olins Form 10-Q for the quarter ended September 30, 2008.* (i) Amended and Restated Olin Corporation 2000 Long Term Incentive Plan codified as of January 27, 2019Exhibit 10.1 to Olins Form 8-K dated January 30, 2019.* (j) Amended and Restated Olin Corporation 2003 Long Term Incentive Plan codified as of January 27, 2019Exhibit 10.2 to Olins Form 8-K dated January 30, 2019.* (k) Amended and Restated Olin Corporation 2006 Long Term Incentive Plan codified as of January 27, 2019Exhibit 10.3 to Olins Form 8-K dated January 30, 2019.* (l) Amended and Restated Olin Corporation 2009 Long Term Incentive Plan codified as of January 27, 2019Exhibit 10.4 to Olins Form 8-K dated January 30, 2019.* (m) Amended and Restated Olin Corporation 2014 Long Term Incentive Plan codified as of January 27, 2019Exhibit 10.5 to Olins Form 8-K dated January 30, 2019.* (n) Amended and Restated Olin Corporation 2016 Long Term Incentive Plan codified as of January 27, 2019Exhibit 10.6 to Olins Form 8-K dated January 30, 2019.* (o) Amended and Restated Olin Corporation 2018 Long Term Incentive Plan codified as of January 27, 2019Exhibit 10.7 to Olins Form 8-K dated January 30, 2019.* (p) Olin Corporation Short Term Incentive Program dated February 18, 2020Exhibit 10.1 to Olins Form 8-K dated February 21, 2020.* (q) Performance Share Program as amended through January 24, 2019Exhibit 10.1 to Olins Form 10-Q for the quarter ended March 31, 2019.* (r) Form of Non-Qualified Stock Option Award Certificate (s) Form of Restricted Stock Unit Award Certificate (t) Form of Performance Award Certificate (u) Summary of Stock Option/Performance Share Continuation Provisions for Olin Employees as amended effective August 20, 2019Exhibit 10.1 to Olins Form 8-K dated August 22, 2019.* (v) Master Confirmation - Accelerated Share Repurchase dated August 5, 2019 between Olin Corporation and Goldman Sachs & Co LLCExhibit 10.1 to Olins Form 8-K dated August 5, 2019.* (w) Olin Corporation Contributing Employee Ownership Plan Amended and Restated effective as of October 24, 2008, and as amended effective September 29, 2015Exhibit 99.1 to Olins Form S-8 filed February 16, 2016.* (y) Purchase Agreement dated as of February 28, 2011, by and among PolyOne Corporation, 1997 Chloralkali Venture, LLC, Olin Corporation and Olin SunBelt II, Inc.Exhibit 2.1 to Olins Form 8-K dated March 3, 2011.* (cc) Stock Purchase Agreement dated as of July 17, 2012, by and among K. A. Steel Chemicals Inc., the stockholders of K. A. Steel Chemicals Inc. and Robert F. Steel, as the sellers representative, and Olin Corporation, as PurchaserExhibit 2.1 to Olins Form 8-K dated July 18, 2012.* (dd) Credit Agreement dated June 23, 2015 among Olin Corporation, Olin Canada ULC, the Lenders named therein and Wells Fargo Bank, National Association, as administrative agentExhibit 10.1 to Olins Form 8-K dated June 29, 2015.* (ee) Credit Agreement dated June 23, 2015 among Blue Cube Spinco Inc., the Lenders named therein and Wells Fargo Bank, National Association, as administrative agentExhibit 10.2 to Olins Form 8-K dated June 29, 2015.* (ff) Amendment Agreement dated June 23, 2015 among Olin, Olin Canada ULC, Blue Cube Spinco Inc., the Lenders named therein and Wells Fargo Bank, National Association, as administrative agentExhibit 10.5 to Olins Form 8-K dated October 5, 2015.* (gg) Second Amendment Agreement, dated as of March 9, 2017 among Olin Corporation, Olin Canada ULC and Blue Cube Spinco Inc., the Lenders named therein and Wells Fargo Bank, National Association, as administrative agentExhibit 10.1 to Olins Form 8-K dated March 9, 2017.* (hh) Third Amendment Agreement, dated as of June 28, 2018, among Olin Corporation, Olin Canada ULC and Blue Cube Spinco LLC, the Lenders named therein and Wells Fargo Bank, National Association, as administrative agentExhibit 10.2 to Olins Form 10-Q for the quarter ended June 30, 2018.* (ii) Separation Agreement dated March 26, 2015 between The Dow Chemical Company and Blue Cube Spinco Inc.Exhibit 10.1 to Olins Form 8-K dated March 27, 2015.* (jj) Credit Agreement dated August 25, 2015 among Olin Corporation, Olin subsidiaries, the Lenders (as defined therein) and Sumitomo Mitsui Banking Corporation, as administrative agentExhibit 10.1 to Olins Form 8-K dated August 25, 2015.* (kk) Amended and Restated Credit Agreement, dated as of October 5, 2015 as Amended and Restated by the Second Amendment Agreement dated as of March 9, 2017 among Olin Corporation, Olin Canada ULC and Blue Cube Spinco Inc., the Lenders named therein and Wells Fargo Bank, National Association, as administrative agentExhibit 10.2 to Olins Form 8-K dated March 9, 2017.* (ll) Credit Agreement dated July 16, 2019 among Olin Corporation, Blue Cube Spinco, LLC, the Lenders and Issuing Banks (as defined therein) and Wells Fargo Bank, National AssociationExhibit 10.1 to Olins Form 8-K dated July 16, 2019.* (mm) First Amendment dated December 20, 2019 to Credit Agreement dated July 16, 2019 among Olin Corporation, Blue Cube Spinco, LLC, the Lenders and Issuing Banks (as defined therein) and Wells Fargo Bank, National AssociationExhibit 10.1 to Olins Form 8-K dated December 20, 2019.* (nn) Guaranty Agreement dated October 5, 2015 among Blue Cube Spinco Inc., Olin Corporation and Wells Fargo Bank, National Association, as administrative agentExhibit 10.2 to Olins Form 8-K dated October 5, 2015.* (oo) Borrowing Subsidiary Agreement dated October 5, 2015 among Olin Corporation, Blue Cube Spinco Inc. and Wells Fargo Bank, National Association, as administrative agentExhibit 10.3 to Olins Form 8-K dated October 5, 2015.* (pp) Guaranty Joinder dated October 5, 2015 among Olin subsidiaries, Blue Cube Spinco Inc. and Sumitomo Mitsui Banking Corporation, as administrative agentExhibit 10.4 to Olins Form 8-K dated October 5, 2015.* (qq) Incremental Term Loan Agreement dated November 3, 2015 among Olin Corporation, Blue Cube Spinco Inc., the Lenders (as defined therein) and Sumitomo Mitsui Banking Corporation, as administrative agentExhibit 10.1 to Olins Form 8-K dated November 9, 2015.* 21 List of Subsidiaries. 23 Consent of KPMG LLP. 31.1 Section 302 Certification Statement of Chief Executive Officer. 31.2 Section 302 Certification Statement of Chief Financial Officer. 32 Section 906 Certification Statement of Chief Executive Officer and Chief Financial Officer.