New York, July 28, 2016 -- PolyOne Corporation's (Ba2 stable) proposed $100 million incremental first lien term loan will be used to repay $85.5 million in borrowings on the revolver that were drawn on July 26, 2016 to fund the acquisitions of two specialty businesses from Gordon Holdings (Gordon Composites and Polystrand). The proposed $100 million incremental term loan due 2022 will also add roughly $13 million cash to the balance sheet. The incremental $100 million facility will be incorporated into the existing $550 million senior secured term loan B rated Ba1 (LGD2), which was originally rated in October 2015. PolyOne also has $600 million in 5.25% notes due 2023 rated Ba3 (LGD5) and an unrated $400 million ABL revolving credit facility due 2018. The incremental debt has no impact to PolyOne's corporate family rating (CFR) of Ba2, its term loan rating of Ba1, notes rating of Ba3, or stable outlook.

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