secwatch.observer — SEC 8-K summary
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Issuer:     AVIENT CORP (AVNT)
CIK:        0001122976
Form:       8-K
Filed at:   2025-06-16T23:59:59+00:00
Accession:  0001193125-25-141088
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1122976/000119312525141088/0001193125-25-141088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1122976/000119312525141088/d79513d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-141088

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