PolyOne Files Universal Shelf Registration
November 04 2009 - 8:41AM
PR Newswire (US)
CLEVELAND, Nov. 4 /PRNewswire-FirstCall/ -- PolyOne Corporation
(NYSE: POL), a premier global provider of specialized polymer
materials, services and solutions, announced today that it has
filed a universal shelf registration statement on Form S-3 with the
U.S. Securities and Exchange Commission (SEC). The shelf
registration statement, when declared effective by the SEC, will
provide PolyOne with the flexibility to offer and sell from time to
time in the future, in one or more public offerings, up to $450
million of equity, debt, or other types of securities described in
the registration statement, or any combination of such securities.
The proceeds of the securities may be used for general corporate
purposes, including acquisitions, capital expenditures and
repayment of debt. The specifics of any potential future offering,
along with the prices, terms and use of proceeds of any securities
offered by the company, will be determined at the time of any
applicable offering and will be described in a prospectus
supplement at the time of such applicable offering. Stephen D.
Newlin, chairman, president and chief executive officer of PolyOne,
said, "We currently do not have any plans to offer or sell our
securities under this registration statement in the immediate
future. However, we believe that having a shelf registration
statement in place is prudent as it provides PolyOne financial
flexibility." A registration statement relating to these securities
has been filed with the SEC, but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted
prior to the time the registration statement becomes effective.
This press release shall not constitute a solicitation of an offer
to buy, nor shall there be any sale of these securities in any
state in which such offer, solicitation or sale would be unlawful
prior to the registration or qualification under the securities law
of any such state. Any offer of these securities will be made
solely by means of the prospectus included in the registration
statement and any prospectus supplement that may be issued with
respect to such an offering. A copy of the prospectus included in
the registration statement may be obtained on the SEC's web site at
http://www.sec.gov/. In addition, when available, copies of the
prospectus, and a prospectus supplement relating to a particular
offering, may be obtained by contacting PolyOne Corporation,
Attention: General Counsel, 33587 Walker Road, Avon Lake, Ohio
44012. About PolyOne PolyOne Corporation, with 2008 revenues of
$2.7 billion, is a premier provider of specialized polymer
materials, services and solutions. Headquartered outside of
Cleveland, Ohio USA, PolyOne has operations around the world. For
additional information on PolyOne, visit our Web site at
http://www.polyone.com/. To access PolyOne's news library online,
please visit http://www.polyone.com/news. DATASOURCE: PolyOne
Corporation CONTACT: Investor Relations, Robert M. Patterson,
Senior Vice President & Chief Financial Officer,
+1-440-930-3302, or Media, Amanda Marko, Director, Corporate
Communications, +1-440-930-3162, , both of PolyOne Corporation Web
Site: http://www.polyone.com/
Copyright