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Avient to redeem $600 million 5¼% senior notes due 2023 on Nov. 2
By Mary-Katherine Stinson
Lexington, Ky., Sept. 27 – Avient Corp. will redeem the entire outstanding $600 million total principal amount of its 5¼% senior notes due March 15, 2023, according to an 8-K filing with the Securities and Exchange Commission.
The notes will be redeemed on Nov. 2 at par plus the applicable premium as defined in the note’s indenture plus accrued and unpaid interest, if any.
Computershare Trust Co., NA is the trustee.
The redemption is conditioned on the consummation of Avient’s pending disposition of its distribution business at or prior to the redemption date.
Upon acquiring the color masterbatch businesses of Clariant and Clariant Chemicals India Ltd. in July 2020 PolyOne Corp. changed its name to Avient. The company is based in Avon Lake, Ohio.
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