EXHIBIT 4(G)
December 15, 1993
Bank of Boston Connecticut c/o Bank of Boston Large Corporate New England 100
Federal Street Boston, MA 02110
Ladies/Gentlemen:
We refer to the Credit Agreement, dated as of September 30, 1993 ("Credit
Agreement"), among Olin Corporation ("Olin"), Bank of Boston Connecticut,
Chemical Bank, Citibank, N.A., Credit Suisse, Morgan Guaranty Trust Company of
New York, The Boatmen's National Bank of St. Louis and The Chase Manhattan
Bank, N.A.
We refer also to the charge in the amount of $131.8 million after taxes (the
"Charge"), relating to (a) personnel reductions, (b) business restructurings,
(c) environmental exposures, (d) closed sites, and (e) long term disability
(SFAS 112) and miscellaneous asset write-offs proposed to be taken by Olin in
the fourth quarter of 1993.
Kindly confirm below the bank's agreement that, for purposes of calculating
"EBIT", as defined in the Credit Agreement, the Charge shall be excluded from
the determination of net income.
Very truly yours,
OLIN CORPORATION
By _________________________________
Vice President and Treasurer
Confirmed:
BANK OF BOSTON CONNECTICUT
By _________________________________
Name: Title:
EXHIBIT 4(G)
December 15, 1993
Chemical Bank 270 Park Avenue New York, NY 10017
Ladies/Gentlemen:
We refer to the Credit Agreement, dated as of September 30, 1993 ("Credit
Agreement"), among Olin Corporation ("Olin"), Bank of Boston Connecticut,
Chemical Bank, Citibank, N.A., Credit Suisse, Morgan Guaranty Trust Company of
New York, The Boatmen's National Bank of St. Louis and The Chase Manhattan
Bank, N.A.
We refer also to the charge in the amount of $131.8 million after taxes (the
"Charge"), relating to (a) personnel reductions, (b) business restructurings,
(c) environmental exposures, (d) closed sites, and (e) long term disability
(SFAS 112) and miscellaneous asset write-offs proposed to be taken by Olin in
the fourth quarter of 1993.
Kindly confirm below the bank's agreement that, for purposes of calculating
"EBIT", as defined in the Credit Agreement, the Charge shall be excluded from
the determination of net income.
Very truly yours,
OLIN CORPORATION
By _________________________________
Vice President and Treasurer
Confirmed:
CHEMICAL BANK
By _________________________________
Name: Title:
EXHIBIT 4(G)
December 15, 1993
Citibank, N.A. 399 Park Avenue 8th Floor New York, NY 10043
Ladies/Gentlemen:
We refer to the Credit Agreement, dated as of September 30, 1993 ("Credit
Agreement"), among Olin Corporation ("Olin"), Bank of Boston Connecticut,
Chemical Bank, Citibank, N.A., Credit Suisse, Morgan Guaranty Trust Company of
New York, The Boatmen's National Bank of St. Louis and The Chase Manhattan
Bank, N.A.
We refer also to the charge in the amount of $131.8 million after taxes (the
"Charge"), relating to (a) personnel reductions, (b) business restructurings,
(c) environmental exposures, (d) closed sites, and (e) long term disability
(SFAS 112) and miscellaneous asset write-offs proposed to be taken by Olin in
the fourth quarter of 1993.
Kindly confirm below the bank's agreement that, for purposes of calculating
"EBIT", as defined in the Credit Agreement, the Charge shall be excluded from
the determination of net income.
Very truly yours,
OLIN CORPORATION
By _________________________________
Vice President and Treasurer
Confirmed:
CITIBANK, N.A.
By _________________________________
Name: Title:
EXHIBIT 4(G)
December 15, 1993
Credit Suisse 12 East 49th Street New York, NY 10017
Ladies/Gentlemen:
We refer to the Credit Agreement, dated as of September 30, 1993 ("Credit
Agreement"), among Olin Corporation ("Olin"), Bank of Boston Connecticut,
Chemical Bank, Citibank, N.A., Credit Suisse, Morgan Guaranty Trust Company of
New York, The Boatmen's National Bank of St. Louis and The Chase Manhattan
Bank, N.A.
We refer also to the charge in the amount of $131.8 million after taxes (the
"Charge"), relating to (a) personnel reductions, (b) business restructurings,
(c) environmental exposures, (d) closed sites, and (e) long term disability
(SFAS 112) and miscellaneous asset write-offs proposed to be taken by Olin in
the fourth quarter of 1993.
Kindly confirm below the bank's agreement that, for purposes of calculating
"EBIT", as defined in the Credit Agreement, the Charge shall be excluded from
the determination of net income.
Very truly yours,
OLIN CORPORATION
By _________________________________
Vice President and Treasurer
Confirmed:
CREDIT SUISSE
By _________________________________
Name: Title:
EXHIBIT 4(G)
December 15, 1993
Morgan Guaranty Trust Company of New York 60 Wall Street New York, NY 10260-
0060
Ladies/Gentlemen:
We refer to the Credit Agreement, dated as of September 30, 1993 ("Credit
Agreement"), among Olin Corporation ("Olin"), Bank of Boston Connecticut,
Chemical Bank, Citibank, N.A., Credit Suisse, Morgan Guaranty Trust Company of
New York, The Boatmen's National Bank of St. Louis and The Chase Manhattan
Bank, N.A.
We refer also to the charge in the amount of $131.8 million after taxes (the
"Charge"), relating to (a) personnel reductions, (b) business restructurings,
(c) environmental exposures, (d) closed sites, and (e) long term disability
(SFAS 112) and miscellaneous asset write-offs proposed to be taken by Olin in
the fourth quarter of 1993.
Kindly confirm below the bank's agreement that, for purposes of calculating
"EBIT", as defined in the Credit Agreement, the Charge shall be excluded from
the determination of net income.
Very truly yours,
OLIN CORPORATION
By _________________________________
Vice President and Treasurer
Confirmed:
MORGAN GUARANTY TRUST COMPANY
OF NEW YORK
By _________________________________
Name: Title:
EXHIBIT 4(G)
December 15, 1993
The Boatmen's National Bank of St. Louis 800 Market Street St. Louis, MO 63101
Ladies/Gentlemen:
We refer to the Credit Agreement, dated as of September 30, 1993 ("Credit
Agreement"), among Olin Corporation ("Olin"), Bank of Boston Connecticut,
Chemical Bank, Citibank, N.A., Credit Suisse, Morgan Guaranty Trust Company of
New York, The Boatmen's National Bank of St. Louis and The Chase Manhattan
Bank, N.A.
We refer also to the charge in the amount of $131.8 million after taxes (the
"Charge"), relating to (a) personnel reductions, (b) business restructurings,
(c) environmental exposures, (d) closed sites, and (e) long term disability
(SFAS 112) and miscellaneous asset write-offs proposed to be taken by Olin in
the fourth quarter of 1993.
Kindly confirm below the bank's agreement that, for purposes of calculating
"EBIT", as defined in the Credit Agreement, the Charge shall be excluded from
the determination of net income.
Very truly yours,
OLIN CORPORATION
By _________________________________
Vice President and Treasurer
Confirmed:
THE BOATMEN'S NATIONAL BANK
OF ST. LOUIS
By _________________________________
Name: Title:
EXHIBIT 4(G)
December 15, 1993
The Chase Manhattan Bank, N.A. One Chase Plaza New York, NY 10081
Ladies/Gentlemen:
We refer to the Credit Agreement, dated as of September 30, 1993 ("Credit
Agreement"), among Olin Corporation ("Olin"), Bank of Boston Connecticut,
Chemical Bank, Citibank, N.A., Credit Suisse, Morgan Guaranty Trust Company of
New York, The Boatmen's National Bank of St. Louis and The Chase Manhattan
Bank, N.A.
We refer also to the charge in the amount of $131.8 million after taxes (the
"Charge"), relating to (a) personnel reductions, (b) business restructurings,
(c) environmental exposures, (d) closed sites, and (e) long term disability
(SFAS 112) and miscellaneous asset write-offs proposed to be taken by Olin in
the fourth quarter of 1993.
Kindly confirm below the bank's agreement that, for purposes of calculating
"EBIT", as defined in the Credit Agreement, the Charge shall be excluded from
the determination of net income.
Very truly yours,
OLIN CORPORATION
By _________________________________
Vice President and Treasurer
Confirmed:
THE CHASE MANHATTAN BANK, N.A.
By _________________________________
Name:
Title: