Avient enters $500 million revolving credit facility with JPMorgan, replacing older loan
Avient Corporation entered into a five-year senior secured revolving credit agreement with JPMorgan Chase Bank, N.A. as administrative agent, dated June 12, 2025. The facility replaces the company's existing credit agreement with Wells Fargo Capital Finance, LLC and provides up to $500 million of borrowing capacity, expandable by up to $250 million. For shareholders, the filing describes a refinancing of existing borrowing capacity rather than a stated change in operating results.
Key points
- Revolving credit facility of up to $500 million, with an accordion feature to increase it by up to $250 million
- Loans mature five years from the June 12, 2025 closing date and can be prepaid without premium or penalty
- Interest rate margin tied to the company's Consolidated Leverage Ratio: 0.250% to 1.000% over the Alternate Base Rate, or 1.250% to 2.000% over the Relevant Rate
- Replaces the Third Amended and Restated Credit Agreement dated June 28, 2019, with Wells Fargo Capital Finance, LLC as administrative agent
The filing
Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 16, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.