Avient enters $500M senior secured revolving credit facility, replaces prior ABL agreement

AVIENT CORP

New $500M facility replaces existing ABL credit agreement; can be increased by up to $250M subject to lender commitments.
Matures five years from June 12, 2025; proceeds for working capital, capex, acquisitions and general corporate purposes.
Interest at Alternate Base Rate or Relevant Rate plus margin ranging from 0.250%–1.000% (ABR) and 1.250%–2.000% (Relevant Rate).
Financial covenant: maximum senior secured net leverage ratio of 3.00:1.00, stepping to 3.50:1.00 following material acquisitions.
JPMorgan Chase serves as administrative agent; Citigroup, Morgan Stanley, Truist as co-syndication agents.

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