https://www.avient.com/news/avient-showcase-newest-additions-its-healthcare-portfolio-mdm-west-2025
Versaflex™ HC and Versaflex HC BIO Thermoplastic Elastomers (TPEs): These specialty TPE formulations offer versatile and customizable performance for medical and biopharmaceutical tubing, device overmolds, and injection molded applications.
Available in a variety of durometers and performance characteristics, the product family includes grades formulated without animal derivatives and a bio-based Versaflex HC BIO BT218 formulation developed specifically to handle the complexities of biopharmaceutical tubing (excellent weldability, kink resistance, and low levels of leachables and extractables) with a lower carbon footprint than traditional Versaflex HC TPE or silicone alternatives.
https://www.avient.com/news/avient-brings-sustainable-innovation-npe-2024
Avient Corporation highlights sustainable innovations at NPE 2024, including Nymax™ REC Recycled Nylon Formulations, Versaflex™ HC BIO BT218 TPEs, ColorMatrix™ Capture™ Oxygen Scavenger, and Cesa™ Non-PFAS Process Aid for Extrusion, exemplifying the company’s commitment to delivering advanced sustainable solutions.
Versaflex™ HC BIO BT218 TPEs: a finalist for the Plastics Industry Association’s People’s Choice for Plastics Sustainability Innovation Award to be announced at NPE, this grade of bio-derived thermoplastic elastomer (TPE) is developed specifically to handle the complexities of biopharmaceutical tubing and deliver excellent weldability, kink resistance, and low levels of extractables while offering the same performance as its prime counterpart but with a lower carbon footprint.
https://www.avient.com/investor-center/news/polyone-announces-record-fourth-quarter-and-full-year-2015-results
Completed acquisition of Kraton's TPE business in first quarter 2016
said, "With our recent refinancing, I'm extremely pleased to report we achieved a substantial reduction in our stated interest rates, extended maturities and improved our credit profile.
I'm excited to kick-off 2016 with our acquisition of Kraton's thermoplastic elastomer (TPE) business," Mr.
https://www.avient.com/sites/default/files/2020-03/PolyOne_Website-12.19.pdf
Sources
Cash from Balance Sheet $465
New Senior Unsecured Notes 650
New Equity 450
Total Sources $1,565
Uses
Clariant Masterbatch $1,500
Clariant India Masterbatch 60
Less: Lease Adjustment (113)
Net Purchase Price $1,447
Net Cash Acquired 57
Fees, Expenses & OID 61
Total Uses $1,565
($ Millions)
Cash and Cash Equivalents $370
$450M Senior Secured ABL Revolver -
Senior Secured Term Loan B due 2026 624
Other Debt 25
Total Senior Secured Debt $649
5.25% Senior Unsecured Notes due 2023 $600
New Senior Unsecured Notes 650
Total Senior Debt $1,899
Net Debt $1,529
New Equity $450
Pro Forma Capitalization (1)
PF 12/31/2019
$450
$600 $624
$743
2019 2020 2021 2022 2023 2024 2025 2026
A T T R A C T I V E F I N A N C I N G S T R U C T U R E
Attractive Debt
Maturity Profile
Existing Revolver Existing Senior Notes Existing Term Loan B
New Debt
Summary
Terms on
New Debt
$465 million of cash from the balance sheet expected to fund a portion of the purchase price
Bridge financing for remainder fully committed from Citi, Morgan Stanley and Wells Fargo
Permanent financing expected to include a combination of long-term debt and new equity
The timing of the permanent financing is subject to a number of factors, including, but not limited
to, market conditions
PolyOne is committed to preserving a strong balance sheet
– Target net leverage at close below 3.5x, excluding synergies
Pro forma capital structure positions PolyOne with flexibility to pursue continued growth strategy
New financing expected to have same or better covenant package than existing capital structure
Capital structure would be “covenant lite”
Capital
Policy
Transaction in line with PolyOne’s disciplined capital allocation policy
Existing PolyOne dividend policy to be maintained
Focus on deleveraging in the near term
2028+
PolyOne Corporation 26
PolyOne Corporation 27
T H E N E W P O L Y O N E : A S P E C I A L T Y G R O W T H C O M P A N Y
Landmark portfolio transformation: > 85% of Adjusted EBITDA
from specialty solutions
World-class innovation, technology and service are differentiators
Sustainability initiatives and alignment with megatrends drive
above market growth in key end markets and applications:
Capital management is a strength - proven track record of
expanding ROIC while increasing invested capital
Transaction expected to add $0.85 to pro forma adjusted EPS
PolyOne Corporation 28
PolyOne Corporation 29
https://www.avient.com/sites/default/files/AVNT February IR Presentation_w_Non-GAAP Recs.pdf
Maintain asset-light, 80% free
cash flow conversion profile
5.
https://www.avient.com/sites/default/files/2024-05/AVNT Q1 2024 Investor Presentation_website w Non-GAAP.pdf
Maintain asset-light, 80% free
cash flow conversion profile
5.
https://www.avient.com/resources/safety-data-sheets?page=6556
TPE BIO-CUP BEIGE 2309C
TPE BIO-CUP BROWN 4225C
https://www.avient.com/resources/safety-data-sheets?page=3919
TRANS PURPLE HAZE TPE
TRANS WILD SALMON TPE
https://www.avient.com/resources/safety-data-sheets?page=3478
TPE BLUE-GREEN
RED TPE CC
https://www.avient.com/resources/safety-data-sheets?page=3301
TPE BLUE #3
TPE RED-VIOLET