Olin extends receivables purchase agreement termination date to July 2028

Olin Corporation, a $2 billion chemical manufacturer, has extended the termination date of its receivables purchase agreement with PNC Bank until July 2028. This amendment, filed with the SEC, comes as Olin's stock trades at $18.09, down 36% over the past six months. The agreement, originally dated November 20, 2024, was extended to provide Olin with additional time as a servicer and performance guarantor.

Olin's current valuation, according to InvestingPro analysis, is undervalued at $21.90, with a 4.56% dividend yield. Despite missing third-quarter 2026 earnings expectations, Olin is optimistic due to positive caustic soda market trends, cost-cutting efforts, and progress on the anticipated merger with Huntsman. Wells Fargo raised its price target for Olin stock to $17, maintaining an Equal Weight rating.