Company: AVNT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001122976-25-000088
Chunk: 6

Company: AVIENT CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 6
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 at the Calvert City site and lower restructuring payments.

Investing Activities - Net cash used by investing activities during the nine months ended September 30, 2025 and 2024 of $64.2 million and $79.5 million, respectively, primarily reflects the impact of capital expenditures.

Financing Activities - Net cash used by financing activities for the nine months ended September 30, 2025 of $181.7 million primarily reflects payment on long-term borrowings of $100.2 million and $74.1 million of dividends paid.

Net cash used by financing activities for the nine months ended September 30, 2024 of $93.8 million primarily reflects payment on long-term borrowings of $659.1 million, $70.5 million of dividends paid and $9.6 million of debt financing costs, partially offset by $650.0 million of proceeds from long-term borrowings.

18 AVIENT CORPORATION

Debt

As of September 30, 2025, aggregate maturities of the principal amount of debt for the current year, next four years and thereafter, are as follows:

         (In millions)                          
 ────────────────────────────────────────────────
                  2025      $              0.2  
                  2026      0.5                 
                  2027      0.4                 
                  2028      0.4                 
                  2029      621.1               
            Thereafter                 1,376.5  
  Aggregate maturities      $          1,999.1  

On March 12, 2025, the Company refinanced its senior secured term loan by amending the credit agreement governing such term loan (the Term Loan Amendment). The Term Loan Amendment reduced the interest rate per annum by 25 basis points, which now is either (i) Adjusted Term SOFR (as defined in the Term Loan Amendment) plus 1.75%, or (ii) a Base Rate (as defined in the Term Loan Amendment) plus 0.75%. The maturity date and other terms and conditions are substantially the same as the terms and conditions under the credit agreement immediately prior to the Term Loan Amendment.

During the three and nine months ended September 30, 2025, the Company made voluntary prepayments of $50.0 million and $100.0 million, respectively, on its senior secured term loan, which were applied to the principal installments in direct order of maturity. These prepayments