Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
AVIENT CORP incurred term loan of initial principal amount of $732 million with Citibank, N.A., as administrative agent; Morgan Stanley Bank, N.A., as the Amendment No. 8 Additional Term Lender at Adjusted Term SOFR plus 2.50% or Base Rate plus 1.50%.
- Instrument
- term loan
- Principal
- initial principal amount of $732 million
- Counterparty
- Citibank, N.A., as administrative agent; Morgan Stanley Bank, N.A., as the Amendment No. 8 Additional Term Lender
- Rate
- Adjusted Term SOFR plus 2.50% or Base Rate plus 1.50%
- Event
- incurrence
Exact text from the filing
On August 16, 2023, Avient Corporation, an Ohio corporation (the “Company”), and certain subsidiaries of the Company amended its secured Term Loan Agreement to create a new tranche of term loans (the “Term B-7 Loans”) in an initial principal amount of $732 million
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
AVIENT CORP amended term loan with Citibank, N.A., as administrative agent; Morgan Stanley Bank, N.A., as the Amendment No. 8 Additional Term Lender at reduced the interest rate maturing extended the maturity date of the existing Term B-5 loans from January 30, 2026 to August 29, 2029.
- Instrument
- term loan
- Counterparty
- Citibank, N.A., as administrative agent; Morgan Stanley Bank, N.A., as the Amendment No. 8 Additional Term Lender
- Rate
- reduced the interest rate
- Maturity
- extended the maturity date of the existing Term B-5 loans from January 30, 2026 to August 29, 2029
- Event
- amendment
Exact text from the filing
reduced the interest rate applicable to the term loans and extended the maturity date of the existing Term B-5 loans from January 30, 2026 to August 29, 2029
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
AVIENT CORP amended Term Loan Agreement with Citibank, N.A., as administrative agent, Morgan Stanley Bank, N.A., as the Amendment No. 8 Additional Term Lender, and the other lenders party thereto valued at $732 million (effective 2023-08-16).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Citibank, N.A., as administrative agent, Morgan Stanley Bank, N.A., as the Amendment No. 8 Additional Term Lender, and the other lenders party thereto
- Value
- $732 million
- Effective
- 2023-08-16
Exact text from the filing
On August 16, 2023, Avient Corporation, an Ohio corporation (the “Company”), and certain subsidiaries of the Company amended its secured Term Loan Agreement to create a new tranche of term loans (the “Term B-7 Loans”) in an initial principal amount of $732 million
View on SEC.gov