PolyOne Announces Offering of $320 Million of Senior Notes Due 2020 in Connection With Tender Offer for Its 8.875% Senior Notes Due 2012
CLEVELAND, Sept. 10 /PRNewswire-FirstCall/ -- PolyOne Corporation (NYSE: POL) announced today that it is offering to sell, subject to market and other conditions, $320 million aggregate principal amount of its senior notes due 2020 in an underwritten public offering under its effective shelf registration statement. PolyOne intends to use the net proceeds of the offering to finance the Company's cash tender offer also announced today for any and all of its outstanding 8.875% Senior Notes due 2012. Any remaining net proceeds will be used for general corporate purposes.
Banc of America Securities LLC, Morgan Stanley & Co. Incorporated, and Wells Fargo Securities LLC are acting as joint book-running managers for the offering.
A registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. The offering may be made only by means of the preliminary prospectus supplement and the accompanying prospectus. A copy of the preliminary prospectus supplement and accompanying prospectus related to this offering may be obtained from Banc of America Securities LLC, Attention: Prospectus Department, 100 West 33rd Street, 3rd Floor, New York, New York 10001, 1-800-294-1322, from Morgan Stanley & Co. Incorporated, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, New York 10014, (email: [email protected]), or from Wells Fargo Securities, MAC D100-060, 201 S. College St., 6th Floor, Charlotte, NC, 28288, 1-800-326-5897, (email: [email protected]).
This announcement does not constitute an offer to sell nor the solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About PolyOne
PolyOne Corporation, with 2009 revenues of $2.1 billion, is a premier provider of specialized polymer materials, services and solutions. Headquartered outside of Cleveland, Ohio USA, PolyOne has operations around the world.
SOURCE PolyOne Corporation
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