---
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"
generated_at: "2026-06-11T07:23:41.777883+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Avient refinances $732M term loans, extends maturity to 2029, reduces interest rate

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-214666
- JSON: https://secwatch.observer/filing/0001193125-23-214666.json
- Plain text: https://secwatch.observer/filing/0001193125-23-214666.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1122976/000119312523214666/0001193125-23-214666-index.htm
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1122976/000119312523214666/0001193125-23-214666-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1122976/000119312523214666/0001193125-23-214666-index.htm

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