---
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"
generated_at: "2026-06-24T00:13:36.843325+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Avient sells Distribution segment to H.I.G. Capital for $950M cash

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-219362
- JSON: https://secwatch.observer/filing/0001193125-22-219362.json
- Plain text: https://secwatch.observer/filing/0001193125-22-219362.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.