Avient closes acquisition of DSM Protective Materials; funds with $575M term loan

AVIENT CORP

Acquisition of DSM Protective Materials closed Sept 1, 2022; reported as Avient Protective Materials in Specialty Engineered Materials segment.
Dyneema fiber is 15x stronger than steel; used in ballistic protection, marine, renewable energy, and outdoor sports.
Business includes 6 production facilities, 4 R&D centers, and approximately 1,000 employees globally.
Avient drew $575M new term loans on Aug 29, 2022, with interest at SOFR+3.25% or Base+2.25%.

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