AVIENT CORP (AVNT): debt financing — Avient refinances $721M term loans, cuts interest rate by 25 bps

AVIENT CORP

Avient entered Amendment No. 10 creating $721M Term B-9 Loans to refinance all outstanding term loans.
Interest rate reduced by 25 bps; Term B-9 Loans bear SOFR+1.75% or Base Rate+0.75%.
Proceeds used to repay Term B-8 Loans; cashless and post-closing settlement options for lenders.
Amendment waives breakage costs and reaffirms all loan party guarantees and collateral.

Key facts

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 amended term loan of $721 million with Citibank, N.A., as administrative agent at Adjusted Term SOFR plus 1.75% or Base Rate plus 0.75%.

Instrument: term loan
Principal: $721 million
Counterparty: Citibank, N.A., as administrative agent
Rate: Adjusted Term SOFR plus 1.75% or Base Rate plus 0.75%
Event: amendment

Exact text from the filing

On March 12, 2025, Avient Corporation, an Ohio corporation (the " Company "), and certain subsidiaries of the Company amended its secured Term Loan Agreement (as defined below) to create a new tranche of term loans (the " Term B-9 Loans ") in an initial principal amount of $721 million, the proceeds of which were used to refinance all of the outstanding term loans under the Term Loan Agreement.

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Source: SEC EDGAR

accession 0001193125-25-055626

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