Avient Corporation Secures New $500 Million Revolving Credit Facility with JPMorgan Chase to Fuel Corporate Growth

Reuters
16 Jun
Avient Corporation Secures New $500 Million Revolving Credit Facility with JPMorgan Chase to Fuel Corporate Growth

Avient Corporation, an Ohio-based company, has entered into a new Revolving Credit Agreement with JPMorgan Chase Bank, N.A., serving as the administrative agent, and various other lenders. This agreement, effective as of June 12, 2025, replaces Avient's previous credit agreement from 2019. The new credit facility, valued at up to $500 million, with a potential increase of $250 million, will support Avient's working capital, capital expenditures, and general corporate purposes. The loans under this agreement will mature five years from the closing date and can be prepaid without any penalties. The company's financial obligations include a senior secured net leverage ratio requirement if there are outstanding loans at the end of any fiscal quarter.

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