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By The Online Investor Staff, updated Fri., Apr. 26, 2:42 AM
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Corporate Bonds| This Slide: #20 of 25 |
Slide #20. PolyOne Corporation — Corporate Bonds
Company:
PolyOne Corporation (POL)
Date announced:
2/13/2013
$Amount Offered:
$600,000,000
Bond Offering Details:
PolyOne Corporation (NYSE: POL) today announced the commencement of a private offering of $600 million in aggregate principal amount of senior notes due 2023 (the "Notes"). PolyOne currently intends to use the proceeds from the Notes offering to partially fund the acquisition of Spartech Corporation, to repay all amounts outstanding under its senior secured term loan, and to make a $50 million voluntary pension contribution.
Polished operates a content-driven and technology-enabled shopping destination for appliances, furniture and home goods. Co. carries various household name-brands, including Bosch, Cafe, Frigidaire Pro, Whirlpool, LG, and Samsung, and appliance brands such as Miele, Thermador, La Cornue, Dacor, Ilve, Jenn-Air and Viking, among others. Co. sells household appliances, including refrigerators, ranges, ovens, dishwashers, microwaves, freezers, washers and dryers. Co. also sells furniture, decor, bed and bath, lighting, outdoor living, electronics categories, fitness equipment, plumbing fixtures, air conditioners, fireplaces, fans, dehumidifiers, humidifiers, air purifiers and televisions.
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Avg. Broker Rec.
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Hold (2.00 out of 4) 100th percentile
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Based on Zacks ABR data; powered by Xignite |
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