https://www.avient.com/investor-center/news/avient-collaborates-oceanworks-expand-use-recycled-ocean-plastics
Building on the 2020 launch of reSound™ R recycled content thermoplastic elastomers (TPEs) created with Oceanworks recycled plastics,
The resulting custom-formulated materials – both TPEs and thermoplastics – will be based on Oceanworks Guaranteed* base resins.
solutions with Oceanworks' recycled ocean plastics content are available globally and can be utilized in a variety of TPE and engineered thermoplastic formulations.
https://www.avient.com/industries/packaging/cosmetics-packaging/color-cosmetics
Soft touch TPEs for over molded caps to engage your consumers with tactile elements
Chemically resistant TPEs and anti-microbial additives for value-added applicators and dispensing
Chemically Compatible TPEs for Cosmetic Packaging - Application Bulletin
https://www.avient.com/news/polyone-highlight-advanced-specialty-solutions-chinaplas-2014
Food-Safe TPE: Versaflex™ thermoplastic elastomer (TPE) enables consumer products manufacturers to replace a thermoplastic vulcanizate (TPV) silicone material with a softer, child-friendly TPE material, while maintaining strict compliance with food contact regulations in Japan and China.
https://www.avient.com/news/avient-exhibits-new-bio-filled-polymers-and-sustainable-solutions-portfolio-fakuma-2021
reSound™ R recycled content thermoplastic elastomers (TPEs): Developed to help brand owners create more sustainable end-user products, these formulations utilize 9 to 83 percent recycled content from post-consumer recycled (PCR) and post-industrial recycled (PIR) sources.
reSound™ OM bio-based TPEs: Based on biopolymers derived from sugarcane, all grades utilize 35 to 50 percent bio-based content, and are formulated to deliver varying hardness levels, favorable property retention, and UV resistance comparable to traditional TPEs.
https://www.avient.com/company/sustainability/sustainable-solutions-portfolio
Versaflex™ Non-Blooming TPEs for Consumer Electronics
Versaflex™ Low Adhesive Build-up TPE for Protective Film Tack Layer
reSound™ Ultra-Low Carbon Footprint TPEs
https://www.avient.com/news/exclusive-sponsor-new-exhibition-area-chinaplas-2017-polyone-showcases-innovative-polymer-solutions
GLS TPEs for Automotive HVAC Seals: improves driver and passenger safety and comfort with industry-leading TPE technology that has been proven to reduce volatile organic compounds (VOCs) by 50% and fogging by 35% versus existing TPEs for heating / ventilation / air conditioning applications.
https://www.avient.com/center-of-excellence/avient-latin-america
More
TPE For Beginners
Thermoplastic elastomers (TPEs) are used to create durable products that we use everyday.
Learn how to design with TPEs and the advantages of using this eco-friendly material.
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/2022-10/ColorMatrix FlexOne Brochure.pdf
Global reach includes the capability
of remote technical services and data
management, allowing users to interrogate
their systems on an intranet as well as
getting Avient support remotely.
The control system is flexible, allowing users access
to a range of data management functions.
Network
capable
Data
acquisition
and SPC
Web
enabled
Touch
screen
controller
User login
security
Gravimetric
functions
Custom
configuration
Remote
access
functions
QUICK CHANGEOVER RESERVOIR
The reservoir cassette is a key operating element
of the FlexOne unit, allowing users to quickly
changeover color.
https://www.avient.com/sites/default/files/2020-11/eccoh-product-selection-guide-en.pdf
ECCOH™
LOW SMOKE AND FUME,
NON-HALOGEN
FORMULATIONS
PRODUCT SELECTION GUIDE
ECCOH™ Low Smoke and Fume, Non-Halogen Solutions
*Dry Silane abbreviated as DS
**Cross-linked using Sioplas method
5549 UV Teck-90 5700 5801 UV 5865 5982 UV 6010 6151 6638 UV XLS 8001
APPLICATION
Type Jacket Jacket Jacket Jacket Jacket Jacket Insulation Tight buffer,
Micro-tube Jacket Jacket
CABLE
Type LV, Data LV LV, Data, OFC LV, Data, OFC Data, OFC LV, OFC LV OFC Data, OFC LV
MARKETS
Type B & C, Industrial Industrial, Teck-90 B & C, Industrial Industrial, Oil & Gas,
Shipboard B & C B & C, Industrial Automotive B & C, Industrial B & C, Industrial B & C, Shipboard
Cross-linked No No No Yes No No Yes No No Yes
Cross-linking Method* N/A N/A N/A DS/E-beam N/A N/A DS/E-beam N/A N/A Sioplas
GENERAL PROPERTIES
Properties as Thermoset x x x
SG g/cm³ 1.59 1.54 1.60 1.50 1.57 1.52 1.38 1.46 1.48 1.48
MFI, 150°C/21.6 Kg g/10 min 2.8 5 6 3.5 4 5.9 4.4 6 3 6
Hardness Shore D 44 54 50 46 50 54 56 53 53 49
Tensile psi 1740 2610 1595 1800 1740 2320 3336 2466 2030 2030
Elongation % 160% 200% 136% 133% 180% 150% 145% 160% 175% 160%
LOI % 45% 36% 51% 39% 45% 41% 30% 33% 42% 33%
Low temp brittleness (LTB) °C -26.5°C -49°C -10.5°C -30°C -39°C -38.5°C -41°C -35.5°C -26 -40.5
Max.