debt
confidence high
sentiment neutral
materiality 0.70
Avient issues $725M of 7.125% Senior Notes due 2030
AVIENT CORP
- Issued $725M aggregate principal amount of 7.125% Senior Notes due August 1, 2030.
- Interest payable semi-annually on Feb 1 and Aug 1, beginning Feb 1, 2023.
- Change of control triggers an offer to repurchase at 101% of principal plus accrued interest.
- Notes redeemable at option after Aug 1, 2025 at specified prices, with make-whole premium before that date.
- Indenture includes customary covenants limiting additional debt, dividends, liens, and asset sales.