debt
confidence high
sentiment neutral
materiality 0.65
Avient launches $650M senior notes offering due 2031 to refinance 2025 notes
AVIENT CORP
- $650M aggregate principal of senior notes due 2031 offered in private placement.
- Proceeds, plus cash on hand, to redeem entire $650M 5.75% senior notes due 2025.
- Redemption date set for September 20, 2024, conditioned on debt financings.
- Notes offered to QIBs under Rule 144A and non-U.S. persons under Reg S.
- Redemption price at 100% principal plus accrued interest from May 15, 2024.