PolyOne (POL) Prices 13.333M Share Common Offering at $33.75/Sh

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PolyOne Announces Pricing of Public Offering of Common Shares

January 30, 2020 6:53 PM EST

CLEVELAND, Jan. 30, 2020 /PRNewswire/ -- PolyOne Corporation (NYSE: POL) today announced the pricing of an underwritten offering of 13,333,333 common shares at a public offering price of $33.75 per share. PolyOne has also granted the underwriters an option, exercisable for 30 days after the date of the final prospectus supplement, to purchase up to an additional 2,000,000 common shares at the public offering price less an underwriting discount. PolyOne expects to receive net proceeds of approximately $432.0 million (or approximately $496.8 million if the underwriters exercise, in full, their option to purchase additional shares), after deducting the underwriting discount,... More