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PolyOne Corporation Message Board

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  • djchappe10 djchappe10 Sep 13, 2007 4:28 PM Flag

    tons of cash here

    They are not cash rich, but a lot less debt.

    "Under the terms of the agreement, PolyOne will receive cash proceeds of $261 million for the sale of its 24 percent interest in OxyVinyls. PolyOne will immediately use the proceeds to reduce debt, including the entire outstanding balance of $141.37 million in aggregate principal amount of its 10.625 percent Senior Notes due 2010. As a result of these actions, the Company projects lower interest costs of approximately $25 million in 2008 compared to 2006."

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