{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-141088","form_type":"8-K","ticker":"AVNT","cik":"0001122976","company_name":"AVIENT CORP","filed_at":"2025-06-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.580202+00:00","generated_at":"2026-05-19T06:03:58.412444+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Avient enters $500M senior secured revolving credit facility, replaces prior ABL agreement","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-141088","json":"https://secwatch.observer/filing/0001193125-25-141088.json","markdown":"https://secwatch.observer/filing/0001193125-25-141088.md","text":"https://secwatch.observer/filing/0001193125-25-141088.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1122976/000119312525141088/0001193125-25-141088-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1122976/000119312525141088/d79513d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T06:03:58.412444+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":"c70663a8637407eba08819296cb4a3cd9a37bd2d","claim":"AVIENT CORP incurred revolving credit of up to $500 million with JPMorgan Chase Bank, N.A. maturing five years from the Closing Date.","evidence_excerpt":"(subject to certain exceptions) and may be prepaid at any time without premium or penalty. The Credit Agreement consists of a senior secured revolving credit facility of up to $500 million (the “ Revolving Credit Facility ”), which may be increased by up to $250 million, subject to certain customary requirements and obtaining commitments for such increase. The","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1122976/000119312525141088/0001193125-25-141088-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to $500 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Maturity","value":"five years from the Closing Date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}