CLEVELAND (May 7)—PolyOne Corp. has completed a debt-refinancing plan that will provide the necessary liquidity to repay $87.8 million of senior debt that matures in September along with supporting normal operations and funding previously announced restructuring initiatives intended to improve earnings. "With these actions, we have now laid to rest any concern about PolyOne's liquidity," Chairman and CEO Thomas A. Waltermire said in a prepared statement. "The refinancing has placed this company on solid financial footing well into the future. Even if the economic recovery continues to lag, we have gained both short- and long-term flexibility." The refinancing includes the recent issuance of $300 million in new long-term debt, a three-year, $50 million secured revolving credit facility and a three-year, $225 million accounts receivable sale facility.