PolyOne Corporation Announces Expiration and Results of its Cash Tender Offer

Published Oct 08, 2010

CLEVELAND – PolyOne Corporation (NYSE: POL), a premier global provider of specialized polymer materials, services and solutions, today announced the final results of its previously announced cash tender offer for any and all of its outstanding 8.875% Senior Notes due 2012 (the “Notes”). At 8:00 a.m., New York City time, on October 8, 2010, an aggregate principal amount of approximately $257 million of the Notes had been validly tendered (the “Tendered Notes”). On October 8, 2010, the Company accepted for payment all of the Tendered Notes, which were not previously accepted. The Company intends to use a portion of the net proceeds from its recently completed $360 million senior notes offering to fund the purchase price of the Notes.