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PolyOne Corporation Message Board

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  • Eggplant101 Eggplant101 Dec 20, 2000 3:23 AM Flag

    What Next?

    I think the real problem is the debt load. Not
    that operations and management, cost structure, etc.
    are not big problems, but as I recall, POL has a lot
    of debt, and much of it, $200 million +, comes due
    within a year. How will they refinance this debt with a
    recession staring them in the face and losses about to be
    reported? There is no question in my mind that the debt
    ratings for POL are downgraded very soon to junk status.
    They are 'debt challenged', and refinancing a
    non-investment grade issuer in this market will be VERY
    difficult--not impossible--but difficult, and
    expensive.

    They should probably do a rights offering to raise
    more equity and help prop up the company credit.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • What about selling some of their non revenue
      generating real estate, or some of the plants that are not
      producing the profits that they should. Several writers on
      this sight talk about plant closings and shutdowns.
      Why not sell them instead of just shutting them down?

 
POL
35.45-0.76(-2.10%)Sep 17 4:01 PMEDT

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