Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
AVIENT CORP completed a disposition involving Hilo Group Buyer, LLC (n/k/a Formerra, LLC) for $950 million in cash (closed 2022-11-01).
- Action
- disposition
- Counterparty
- Hilo Group Buyer, LLC (n/k/a Formerra, LLC)
- Consideration
- $950 million in cash
- Closing
- 2022-11-01
Exact text from the filing
company (the “Purchaser”). Pursuant to the terms of the Agreement, the Purchaser agreed to acquire the Company’s Distribution business (the “Distribution Business”) for $950 million in cash, subject to a customary working capital adjustment. On November 1, 2022, the Company completed the sale of the Distribution Business to the Purchaser pursuant to the
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
AVIENT CORP completed an acquisition involving DSM Protective Materials for $1.4 billion, net of cash acquired (closed 2022-09-01).
- Action
- acquisition
- Counterparty
- DSM Protective Materials
- Consideration
- $1.4 billion, net of cash acquired
- Closing
- 2022-09-01
Exact text from the filing
(the “APM Acquisition”). The acquired business is referred to as Avient Protective Materials or APM. Total consideration paid by the Company to complete the APM Acquisition was $1.4 billion, net of cash acquired. In connection with the APM Acquisition, Avient i) amended its a senior secured term loan credit facility pursuant to which it issued a term loan with an
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