{"schema_version":"secwatch.filing_event.v1","accession":"0001122976-22-000072","form_type":"8-K","ticker":"AVNT","cik":"0001122976","company_name":"AVIENT CORP","filed_at":"2022-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.671453+00:00","generated_at":"2026-06-22T05:00:37.035283+00:00","sec_items":["2.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Avient completes sale of Distribution business to H.I.G. Capital affiliate for $950M cash","bullets":["Sale closed Nov 1, 2022; proceeds $950M in cash, subject to working capital adjustment.","After-tax proceeds used to redeem $600M of 5.25% Senior Notes due 2023 and repay $150M term loans.","Expected pre-tax gain of ~$700M, classified in discontinued operations.","Pro forma financials provided; Distribution business revenues eliminated from continuing ops for 2019-2021 periods."],"urls":{"canonical":"https://secwatch.observer/filing/0001122976-22-000072","json":"https://secwatch.observer/filing/0001122976-22-000072.json","markdown":"https://secwatch.observer/filing/0001122976-22-000072.md","text":"https://secwatch.observer/filing/0001122976-22-000072.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1122976/000112297622000072/0001122976-22-000072-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1122976/000112297622000072/avnt-20221101.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T05:00:37.035283+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4c1ce66721e8c35f390bf0d4d1d6b2182b1ca505","claim":"AVIENT CORP completed a disposition involving Hilo Group Buyer, LLC (n/k/a Formerra, LLC) for $950 million in cash (closed 2022-11-01).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1122976/000112297622000072/0001122976-22-000072-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Hilo Group Buyer, LLC (n/k/a Formerra, LLC)"},{"label":"Consideration","value":"$950 million in cash"},{"label":"Closing","value":"2022-11-01"}],"fact_type":"ma_transaction"},{"claim_id":"4d71a9e62b8a1c35b8be92d85e9b6c7843475e9f","claim":"AVIENT CORP completed an acquisition involving DSM Protective Materials for $1.4 billion, net of cash acquired (closed 2022-09-01).","evidence_excerpt":"(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","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1122976/000112297622000072/0001122976-22-000072-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"DSM Protective Materials"},{"label":"Consideration","value":"$1.4 billion, net of cash acquired"},{"label":"Closing","value":"2022-09-01"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}