{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-219362","form_type":"8-K","ticker":"AVNT","cik":"0001122976","company_name":"AVIENT CORP","filed_at":"2022-08-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:55.031425+00:00","generated_at":"2026-06-24T00:13:36.843325+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Avient sells Distribution segment to H.I.G. Capital for $950M cash","bullets":["Sale price $950M cash, valuing Distribution at ~10x LTM EBITDA; buyer H.I.G. Capital.","After-tax proceeds ~$750M will be used to pay down near-term maturing debt.","Pro forma net debt to adjusted EBITDA leverage expected ~2.8x by year-end.","Sale is part of Avient's specialty transformation; Distribution classified as discontinued operations.","DSM Protective Materials acquisition also underway; no financing contingency on this deal."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-219362","json":"https://secwatch.observer/filing/0001193125-22-219362.json","markdown":"https://secwatch.observer/filing/0001193125-22-219362.md","text":"https://secwatch.observer/filing/0001193125-22-219362.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1122976/000119312522219362/0001193125-22-219362-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1122976/000119312522219362/d395140d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T00:13:36.843325+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}