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BRIEF-Avient Reports Debt Financing To Fund Acquisition Of DSM Protective Materials

BRIEF-Avient Reports Debt Financing To Fund Acquisition Of DSM Protective Materials

Reuters · 07/28/2022 06:42
BRIEF-Avient Reports Debt Financing To Fund Acquisition Of DSM Protective Materials

- Avient Corp AVNT:

  • AVIENT ANNOUNCES DEBT FINANCING TO FUND ACQUISITION OF DSM PROTECTIVE MATERIALS

  • AVIENT CORP - PRICED $725 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2030

  • AVIENT CORP - NOTES WILL BEAR INTEREST AT AN ANNUAL RATE OF 7.125% AND WILL BE ISSUED AT A PRICE OF 100% OF THEIR PRINCIPAL AMOUNT

  • AVIENT CORP - ALSO PRICED A SECURED TERM LOAN DUE 2029 FOR REMAINING FUNDS NEEDED FOR DYNEEMA ACQUISITION

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Further company coverage: AVNT


((Reuters.Briefs@thomsonreuters.com;))