Brief: Avient Reports Debt Financing To Fund Acquisition Of DSM Protective Materials

Avient

28/07/2022 11:42

July 28 (Reuters) - Avient Corp  AVNT.N :
    * 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

Source text for Eikon:  ID:nPn4kwR70a 
Further company coverage:  AVNT.N 

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