{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-214666","form_type":"8-K","ticker":"AVNT","cik":"0001122976","company_name":"AVIENT CORP","filed_at":"2023-08-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.187975+00:00","generated_at":"2026-06-11T07:23:41.777883+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Avient refinances $732M term loans, extends maturity to 2029, reduces interest rate","bullets":["New Term B-7 Loans of $732M used to refinance existing Term B-5 and B-6 loans.","Maturity of refinanced loans extended to August 29, 2029 from January 30, 2026.","Interest rate reduced: Adjusted Term SOFR + 2.50% or Base Rate + 1.50%.","Company also prepaid $100M of existing term loans concurrently."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-214666","json":"https://secwatch.observer/filing/0001193125-23-214666.json","markdown":"https://secwatch.observer/filing/0001193125-23-214666.md","text":"https://secwatch.observer/filing/0001193125-23-214666.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1122976/000119312523214666/0001193125-23-214666-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1122976/000119312523214666/d539329d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T07:23:41.777883+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":[{"claim_id":"1fecb56cf6437ebfc710bc0efa3b89a937439584","claim":"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%.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1122976/000119312523214666/0001193125-23-214666-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"initial principal amount of $732 million"},{"label":"Counterparty","value":"Citibank, N.A., as administrative agent; Morgan Stanley Bank, N.A., as the Amendment No. 8 Additional Term Lender"},{"label":"Rate","value":"Adjusted Term SOFR plus 2.50% or Base Rate plus 1.50%"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"d8b75f2199e78d7f75c54de3e859186b3ac7b062","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1122976/000119312523214666/0001193125-23-214666-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Counterparty","value":"Citibank, N.A., as administrative agent; Morgan Stanley Bank, N.A., as the Amendment No. 8 Additional Term Lender"},{"label":"Rate","value":"reduced the interest rate"},{"label":"Maturity","value":"extended the maturity date of the existing Term B-5 loans from January 30, 2026 to August 29, 2029"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"579f347112935453c7f591b6bec9de6e46153ecf","claim":"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).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1122976/000119312523214666/0001193125-23-214666-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"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"},{"label":"Value","value":"$732 million"},{"label":"Effective","value":"2023-08-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}