PolyOne (POL) Announces $450M Public Offering of Common Shares

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Go back to PolyOne (POL) Announces $450M Public Offering of Common Shares

PolyOne Announces Public Offering of Common Shares

January 28, 2020 4:48 PM EST

CLEVELAND, Jan. 28, 2020 /PRNewswire/ -- PolyOne Corporation (NYSE: POL) today announced that it is offering to sell, subject to market and other conditions, $450,000,000 of common shares through an underwritten public offering. PolyOne also intends to grant the underwriters an option, exercisable for 30 days after the date of the final prospectus supplement, to purchase up to an additional $67,500,000 of common shares.

PolyOne intends to use the net proceeds from the offering to finance, in part, its pending acquisitions of Clariant AG's global masterbatch business and Clariant Chemicals (India) Limited's masterbatch business... More