debt
confidence high
sentiment neutral
materiality 0.75
Avient announces $725M senior note offering to fund Dyneema acquisition
AVIENT CORP
- Private offering of $725M senior notes due 2030 to fund acquisition of Dyneema business.
- Estimated purchase price for Dyneema is $1,492.1M including $33.7M cash acquired.
- Preliminary Q2 2022 results for DSM Protective Materials: sales €95.8M, adjusted EBITDA €31.3M.
- Pro forma combined 2021 revenue would be $5,220M; net debt/Adjusted EBITDA ratio 4.1x.
- Notes not registered under Securities Act; offered only in exempt transactions.