Item 1.01 Entry into a Material Definitive Agreement.

On April 19, 2022, Avient Corporation ("Avient") entered into a signing protocol (the "Signing Protocol") with Koninklijke DSM N.V., a public limited liability company incorporated under the laws of the Netherlands ("Seller"). Pursuant to the terms of the Signing Protocol, after completion of the consultation process with the relevant Dutch works council, Avient and Seller will enter into a Sale and Purchase Agreement (the "Purchase Agreement") pursuant to which Avient will, among other things, acquire from Seller (a) all of the equity of DSM Protective Materials International B.V., a private limited liability company organized under the laws of the Netherlands, DSM Protective Materials B.V., a private limited liability company organized under the laws of the Netherlands, and DSM Protective Materials LLC, a Delaware limited liability company, and (b) certain other assets related to Seller's protective materials business (such equity and assets together, the "DPM Business") (such acquisition of the DPM Business, the "Acquisition").

Pursuant to the terms of the Purchase Agreement, Avient has agreed to acquire the DPM Business for an aggregate purchase price of €1.38 billion, subject to certain customary adjustments for a European "locked box" transaction (the "Purchase Price"). Certain Purchase Price payments are Euro-denominated and are subject to change based on fluctuations in the Euro-USD exchange rate.

In addition to the consultation process with the Dutch works council, the closing of the Acquisition will be subject to the satisfaction or waiver of customary conditions, including the receipt of required regulatory approvals.

Item 2.02 Results of Operations and Financial Condition.

On April 20, 2022, Avient issued a press release, furnished as Exhibit 99.1, announcing earnings for the first quarter of 2022. The press release shall not be deemed to be "filed" under the Securities Exchange Act of 1934.

Item 7.01 Regulation FD Disclosure.

On April 20, 2022, Avient issued a press release announcing the Acquisition. A copy of the press release is attached as Exhibit 99.2 and incorporated herein by reference. The press release shall not be deemed to be "filed" under the Securities Exchange Act of 1934.

Item 8.01 Other Events.

Also on April 19, 2022, in connection with the entry into the Signing Protocol, Avient entered into a commitment letter (the "Commitment Letter") with Morgan Stanley Senior Funding, Inc. and J.P. Morgan (the "Commitment Parties"). The Commitment Letter provides that, in connection with the transactions contemplated by the Purchase Agreement and subject to the conditions set forth in the Commitment Letter, the Commitment Parties will commit to provide Avient with a USD $640.0 million senior secured term loan facility and a $900.0 million senior unsecured bridge loan. The commitment is subject to various conditions, including the execution of definitive documentation and other customary closing conditions.

Item 9.01. Financial Statements and Exhibits.



(d) Exhibits.
        Number          Exhibit
         99.1             Press release announcing first quarter 2022 earnings
         99.2             Press Release announcing the Acquisition
          104           Cover Page Interactive Data File (embedded within the Inline XBRL
                        document).

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