GUARANTOR INFORMATION (Tables)

AXIALL CORPORATION
Guarantor Condensed Consolidating Balance Sheet
As of June 30, 2015
(Unaudited)

(In millions)	Parent Company (a)		Eagle Spinco Inc.		Guarantor Subsidiaries Excluding Eagle Spinco Inc.		Guarantor Subsidiaries Including Eagle Spinco Inc. (b)		Non- Guarantor Subsidiaries (c)		Eliminations (d)			Consolidated (a)+(b)+(c)+(d)
Assets:
Cash and cash equivalents	$	-	$	-	$	81.1	$	81.1	$	50.3	$	-		$	131.4
Receivables, net of allowance for doubtful accounts		378.5		-		818.5		791.4		106.4		(733.8	)		542.5
Inventories		-		-		277.5		277.5		105.7		-			383.2
Prepaid expenses and other		0.9		-		30.7		30.7		8.0		(0.4	)		39.2
Deferred income taxes		3.1		0.6		28.9		28.9		-		-			32.0

Total current assets		382.5		0.6		1,236.7		1,209.6		270.4		(734.2	)		1,128.3
Property, plant and equipment, net		11.5		-		1,366.8		1,366.8		263.1		-			1,641.4
Long-term receivables—affiliates		900.0		-		-		-		-		(900.0	)		-
Goodwill		-		-		1,493.7		1,493.7		241.5		-			1,735.2
Customer relationships, net		-		-		850.5		850.5		142.1		-			992.6
Other intangible assets, net		-		-		65.5		65.5		0.3		-			65.8
Other assets, net		16.3		10.5		39.0		49.4		5.0		-			70.7
Investment in subsidiaries		2,004.8		2,846.0		580.7		580.7		-		(2,585.5	)		-

Total assets	$	3,315.1	$	2,857.1	$	5,632.9	$	5,616.2	$	922.4	$	(4,219.7	)	$	5,634.0


Liabilities and Equity:
Current portion of long-term debt	$	-	$	-	$	2.5	$	2.5	$	-	$	-		$	2.5
Accounts payable		349.3		405.6		253.8		632.2		54.9		(733.8	)		302.6
Interest payable		3.1		12.1		-		12.1		-		-			15.2
Income taxes payable		-		-		3.3		3.3		1.7		(0.4	)		4.6
Accrued compensation		-		-		27.9		27.9		10.5		-			38.4
Other accrued liabilities		15.1		-		62.5		62.5		32.3		-			109.9

Total current liabilities		367.5		417.7		350.0		740.5		99.4		(734.2	)		473.2
Long-term debt, excluding the current portion of long-term debt		450.0		688.0		243.5		931.5		-		-			1,381.5
Long-term payables—affiliates		-		900.0		-		900.0		-		(900.0	)		-
Lease financing obligation		-		-		-		-		88.2		-			88.2
Deferred income taxes		16.2		-		690.7		690.1		36.2		-			742.5
Pension and other post-retirement benefits		4.1		-		228.1		228.1		10.2		-			242.4
Other non-current liabilities		28.2		-		121.8		121.8		9.8		(8.2	)		151.6

Total liabilities		866.0		2,005.7		1,634.1		3,612.0		243.8		(1,642.4	)		3,079.4
Equity:
Total Axiall stockholders' equity		2,449.1		851.4		3,998.8		2,004.2		573.1		(2,577.3	)		2,449.1
Noncontrolling interest		-		-		-		-		105.5		-			105.5

Total equity		2,449.1		851.4		3,998.8		2,004.2		678.6		(2,577.3	)		2,554.6

Total liabilities and equity	$	3,315.1	$	2,857.1	$	5,632.9	$	5,616.2	$	922.4	$	(4,219.7	)	$	5,634.0

AXIALL CORPORATION
Guarantor Condensed Consolidating Balance Sheet
As of December 31, 2014
(Unaudited)

(In millions)	Parent Company (a)		Eagle Spinco Inc.		Guarantor Subsidiaries Excluding Eagle Spinco Inc.		Guarantor Subsidiaries Including Eagle Spinco Inc. (b)		Non- Guarantor Subsidiaries (c)		Eliminations (d)			Consolidated (a)+(b)+(c)+(d)
Assets:
Cash and cash equivalents	$	-	$	-	$	78.2	$	78.2	$	88.6	$	-		$	166.8
Receivables, net of allowance for doubtful accounts		162.8		-		509.7		493.9		71.4		(261.1	)		467.0
Inventories		-		-		257.0		257.0		96.7		-			353.7
Prepaid expenses and other		0.1		-		83.0		83.0		6.6		-			89.7
Deferred income taxes		3.1		-		24.9		24.9		-		-			28.0

Total current assets		166.0		-		952.8		937.0		263.3		(261.1	)		1,105.2
Property, plant and equipment, net		12.0		-		1,367.7		1,367.7		286.0		-			1,665.7
Long-term receivables—affiliates		1,292.9		-		-		-		-		(1,292.9	)		-
Goodwill		-		-		1,493.7		1,493.7		247.3		-			1,741.0
Customer relationships, net		-		-		877.9		877.9		146.6		-			1,024.5
Other intangible assets, net		-		-		67.8		67.8		0.3		-			68.1
Other assets, net		17.0		12.4		31.7		44.0		9.4		(0.6	)		69.8
Investment in subsidiaries		1,682.7		2,831.2		290.5		290.5		-		(1,973.2	)		-

Total assets	$	3,170.6	$	2,843.6	$	5,082.1	$	5,078.6	$	952.9	$	(3,527.8	)	$	5,674.3


Liabilities and Equity:
Current portion of long-term debt	$	-	$	2.8	$	-	$	2.8	$	-	$	-		$	2.8
Accounts payable		97.2		178.6		249.8		412.5		46.9		(261.1	)		295.5
Interest payable		3.0		12.2		-		12.2		-		-			15.2
Income taxes payable		-		-		0.9		0.9		2.2		-			3.1
Accrued compensation		-		-		25.3		25.3		8.3		-			33.6
Other accrued liabilities		14.3		-		90.3		90.3		29.3		-			133.9

Total current liabilities		114.5		193.6		366.3		544.0		86.7		(261.1	)		484.1
Long-term debt, excluding the current portion of long-term debt		450.0		877.8		-		877.8		-		-			1,327.8
Long-term payables—affiliates		-		900.0		-		900.0		392.9		(1,292.9	)		-
Lease financing obligation		-		-		-		-		94.2		-			94.2
Deferred income taxes		10.0		-		720.4		720.4		37.7		(0.6	)		767.5
Pension and other post-retirement benefits		4.4		-		235.7		235.7		10.4		-			250.5
Other non-current liabilities		110.6		-		118.7		118.7		9.0		(77.1	)		161.2

Total liabilities		689.5		1,971.4		1,441.1		3,396.6		630.9		(1,631.7	)		3,085.3
Equity:
Total Axiall stockholders' equity		2,481.1		872.2		3,641.0		1,682.0		214.1		(1,896.1	)		2,481.1
Noncontrolling interest		-		-		-		-		107.9		-			107.9

Total equity		2,481.1		872.2		3,641.0		1,682.0		322.0		(1,896.1	)		2,589.0

Total liabilities and equity	$	3,170.6	$	2,843.6	$	5,082.1	$	5,078.6	$	952.9	$	(3,527.8	)	$	5,674.3

AXIALL CORPORATION
Guarantor Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)
For the Three Months Ended June 30, 2015
(Unaudited)

(In millions)	Parent Company (a)			Eagle Spinco Inc.			Guarantor Subsidiaries Excluding Eagle Spinco Inc.			Guarantor Subsidiaries Including Eagle Spinco Inc. (b)			Non- Guarantor Subsidiaries (c)			Eliminations (d)			Consolidated (a)+(b)+(c)+(d)
Net sales	$	-		$	-		$	911.7		$	911.7		$	202.3		$	(55.6	)	$	1,058.4
Operating costs and expenses:
Cost of sales		-			-			822.9			822.9			162.5			(55.6	)		929.8
Selling, general and administrative expenses		13.9			-			46.3			46.3			21.0			-			81.2
Transaction-related costs and other, net		2.5			-			2.1			2.1			-			-			4.6

Total operating costs and expenses		16.4			-			871.3			871.3			183.5			(55.6	)		1,015.6

Operating income (loss)		(16.4	)		-			40.4			40.4			18.8			-			42.8
Other income (expense):
Interest income (expense), net		4.5			(19.8	)		(2.3	)		(22.2	)		(1.8	)		-			(19.5	)
Foreign exchange loss		-			-			-			-			(0.3	)		-			(0.3	)
Equity in income (loss) of subsidiaries		32.5			(5.2	)		15.2			15.2			-			(47.7	)		-

Income (loss) before income taxes		20.6			(25.0	)		53.3			33.4			16.7			(47.7	)		23.0
Provision for income taxes		-			0.4			0.6			0.9			0.2			-			1.1

Consolidated net income (loss)		20.6			(25.4	)		52.7			32.5			16.5			(47.7	)		21.9
Less: net income attributable to noncontrolling interest		-			-			-			-			1.3			-			1.3

Net income (loss) attributable to Axiall	$	20.6		$	(25.4	)	$	52.7		$	32.5		$	15.2		$	(47.7	)	$	20.6




Comprehensive income (loss) attributable to Axiall	$	29.0		$	(15.7	)	$	61.1		$	40.9		$	25.0		$	(65.9	)	$	29.0

AXIALL CORPORATION
Guarantor Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)
For the Three Months Ended June 30, 2014
(Unaudited)

(In millions)	Parent Company (a)			Eagle Spinco Inc.			Guarantor Subsidiaries Excluding Eagle Spinco Inc.			Guarantor Subsidiaries Including Eagle Spinco Inc. (b)			Non- Guarantor Subsidiaries (c)			Eliminations (d)			Consolidated (a)+(b)+(c)+(d)
Net sales	$	-		$	-		$	1,087.6		$	1,087.6		$	215.3		$	(66.0	)	$	1,236.9
Operating costs and expenses:
Cost of sales		-			-			981.4			981.4			174.6			(66.0	)		1,090.0
Selling, general and administrative expenses		10.2			-			47.6			47.6			21.2			-			79.0
Transaction-related costs and other, net		4.4			-			3.9			3.9			1.1			-			9.4
Long-lived asset impairment charges, net		-			-			0.1			0.1			-			-			0.1

Total operating costs and expenses		14.6			-			1,033.0			1,033.0			196.9			(66.0	)		1,178.5

Operating income (loss)		(14.6	)		-			54.6			54.6			18.4			-			58.4
Other income (expense):
Interest income (expense), net		7.8			(21.8	)		0.4			(21.6	)		(5.3	)		-			(19.1	)
Foreign exchange loss		-			-			(0.1	)		(0.1	)		(0.2	)		-			(0.3	)
Equity in income (loss) of subsidiaries		32.4			(8.4	)		5.5			5.5			-			(37.9	)		-

Income (loss) before income taxes		25.6			(30.2	)		60.4			38.4			12.9			(37.9	)		39.0
Provision for (benefit from) income taxes		(1.6	)		(5.3	)		14.6			9.3			3.2			-			10.9

Consolidated net income (loss)		27.2			(24.9	)		45.8			29.1			9.7			(37.9	)		28.1
Less: net income attributable to noncontrolling interest		-			-			-			-			0.9			-			0.9

Net income (loss) attributable to Axiall	$	27.2		$	(24.9	)	$	45.8		$	29.1		$	8.8		$	(37.9	)	$	27.2




Comprehensive income (loss) attributable to Axiall	$	37.1		$	(20.8	)	$	49.6		$	33.1		$	14.1		$	(47.2	)	$	37.1

AXIALL CORPORATION
Guarantor Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)
For the Six Months Ended June 30, 2015
(Unaudited)

(In millions)	Parent Company (a)			Eagle Spinco Inc.			Guarantor Subsidiaries Excluding Eagle Spinco Inc.			Guarantor Subsidiaries Including Eagle Spinco Inc. (b)			Non- Guarantor Subsidiaries (c)			Eliminations (d)			Consolidated (a)+(b)+(c)+(d)
Net sales	$	-		$	-		$	1,767.7		$	1,767.7		$	342.2		$	(103.9	)	$	2,006.0
Operating costs and expenses:
Cost of sales		-			-			1,592.7			1,592.7			285.6			(103.9	)		1,774.4
Selling, general and administrative expenses		26.3			-			95.6			95.6			40.6			-			162.5
Transaction-related costs and other, net		6.5			-			3.1			3.1			0.8			-			10.4
Long-lived asset impairment charges, net		-			-			-			-			0.3			-			0.3

Total operating costs and expenses		32.8			-			1,691.4			1,691.4			327.3			(103.9	)		1,947.6

Operating income (loss)		(32.8	)		-			76.3			76.3			14.9			-			58.4
Other income (expense):
Interest income (expense), net		10.5			(40.7	)		(2.8	)		(43.5	)		(5.3	)		-			(38.3	)
Foreign exchange loss		-			-			(0.2	)		(0.2	)		(0.3	)		-			(0.5	)
Loss on redemption and other debt costs		-			(0.1	)		(3.1	)		(3.2	)		-			-			(3.2	)
Equity in income (loss) of subsidiaries		29.5			(12.1	)		10.7			10.7			-			(40.2	)		-

Income (loss) before income taxes		7.2			(52.9	)		80.9			40.1			9.3			(40.2	)		16.4
Provision for (benefit from) income taxes		(2.8	)		(5.2	)		10.2			5.0			1.1			-			3.3

Consolidated net income (loss)		10.0			(47.7	)		70.7			35.1			8.2			(40.2	)		13.1
Less: net income attributable to noncontrolling interest		-			-			-			-			3.1			-			3.1

Net income (loss) attributable to Axiall	$	10.0		$	(47.7	)	$	70.7		$	35.1		$	5.1		$	(40.2	)	$	10.0




Comprehensive income (loss) attributable to Axiall	$	(9.4	)	$	(22.6	)	$	49.1		$	13.5		$	(31.9	)	$	18.4		$	(9.4	)

AXIALL CORPORATION
Guarantor Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)
For the Six Months Ended June 30, 2014
(Unaudited)

(In millions)	Parent Company (a)			Eagle Spinco Inc.			Guarantor Subsidiaries Excluding Eagle Spinco Inc.			Guarantor Subsidiaries Including Eagle Spinco Inc. (b)			Non- Guarantor Subsidiaries (c)			Eliminations (d)			Consolidated (a)+(b)+(c)+(d)
Net sales	$	-		$	-		$	1,992.2		$	1,992.2		$	358.6		$	(120.2	)	$	2,230.6
Operating costs and expenses:
Cost of sales		-			-			1,826.3			1,826.3			297.2			(120.2	)		2,003.3
Selling, general and administrative expenses		21.2			-			90.5			90.5			40.9			-			152.6
Transaction related costs and other, net		9.0			-			5.4			5.4			1.6			-			16.0
Long-lived asset impairment charges, net		-			-			0.6			0.6			0.1			-			0.7

Total operating costs and expenses		30.2			-			1,922.8			1,922.8			339.8			(120.2	)		2,172.6

Operating income (loss)		(30.2	)		-			69.4			69.4			18.8			-			58.0
Other income (expense):
Interest income (expense), net		15.5			(43.3	)		1.0			(42.3	)		(10.6	)		-			(37.4	)
Foreign exchange gain (loss)		-			-			(0.1	)		(0.1	)		0.2			-			0.1
Equity in income (loss) of subsidiaries		26.4			(36.6	)		8.6			8.6			-			(35.0	)		-

Income (loss) before income taxes		11.7			(79.9	)		78.9			35.6			8.4			(35.0	)		20.7
Provision for (benefit from) income taxes		(3.9	)		(11.5	)		16.6			5.1			2.0			-			3.2

Consolidated net income (loss)		15.6			(68.4	)		62.3			30.5			6.4			(35.0	)		17.5
Less: net income attributable to noncontrolling interest		-			-			-			-			1.9			-			1.9

Net income (loss) attributable to Axiall	$	15.6		$	(68.4	)	$	62.3		$	30.5		$	4.5		$	(35.0	)	$	15.6




Comprehensive income (loss) attributable to Axiall	$	12.2		$	(108.9	)	$	22.1		$	(9.6	)	$	5.2		$	4.4		$	12.2

AXIALL CORPORATION
Guarantor Condensed Consolidating Statement of Cash Flows
For the Six Months Ended June 30, 2015
(Unaudited)

(In millions)	Parent Company (a)			Eagle Spinco Inc.			Guarantor Subsidiaries Excluding Eagle Spinco Inc.			Guarantor Subsidiaries Including Eagle Spinco Inc. (b)			Non- Guarantor Subsidiaries (c)			Eliminations (d)			Consolidated (a)+(b)+(c)+(d)
Net cash provided by (used in) operating activities	$	40.0		$	10.1		$	28.8		$	28.8		$	(9.9	)	$	(22.7	)	$	36.2

Cash flows from investing activities:
Capital expenditures		(0.4	)		-			(70.9	)		(70.9	)		(6.2	)		-			(77.5	)
Proceeds from the sale of assets and other		-			-			5.6			5.6			3.4			-			9.0

Net cash used in investing activities		(0.4	)		-			(65.3	)		(65.3	)		(2.8	)		-			(68.5	)
Cash flows from financing activities:
Issuance of long-term debt		-			-			248.8			248.8			-			-			248.8
Long-term debt payments		-			(194.4	)		(1.7	)		(196.1	)		-			-			(196.1	)
Intercompany financing		-			194.4			(194.4	)		-			-			-			-
Fees paid relating to financing activities		(0.3	)		-			(3.2	)		(3.2	)		-			-			(3.5	)
Deferred acquisition payments		(10.0	)		-			-			-			-			-			(10.0	)
Dividends paid		(23.1	)		-			-			-			-			-			(23.1	)
Distribution to noncontrolling interest		-			-			-			-			(8.4	)		-			(8.4	)
Share-based compensation plan activity		(6.2	)		-			-			-			-			-			(6.2	)
Distribution to affiliate		-			(10.1	)		(10.1	)		(10.1	)		(12.6	)		22.7			-

Net cash provided by (used in) financing activities		(39.6	)		(10.1	)		39.4			39.4			(21.0	)		22.7			1.5
Effect of exchange rate changes on cash and cash equivalents		-			-			-			-			(4.6	)		-			(4.6	)

Net change in cash and cash equivalents		-			-			2.9			2.9			(38.3	)		-			(35.4	)
Cash and cash equivalents at beginning of period		-			-			78.2			78.2			88.6			-			166.8

Cash and cash equivalents at end of period	$	-		$	-		$	81.1		$	81.1		$	50.3		$	-		$	131.4

AXIALL CORPORATION
Guarantor Condensed Consolidating Statement of Cash Flows
Six Months Ended June 30, 2014
(Unaudited)

(In millions)	Parent Company (a)			Eagle Spinco Inc.			Guarantor Subsidiaries Excluding Eagle Spinco Inc.			Guarantor Subsidiaries Including Eagle Spinco Inc. (b)			Non- Guarantor Subsidiaries (c)			Eliminations (d)			Consolidated (a)+(b)+(c)+(d)
Net cash provided by (used in) operating activities	$	17.1		$	10.6		$	42.6		$	44.0		$	(24.1	)	$	(20.8	)	$	16.2

Cash flows from investing activities:
Capital expenditures		(3.4	)		-			(74.1	)		(74.1	)		(10.2	)		-			(87.7	)
Acquisitions, net of cash acquired		-			-			(5.8	)		(5.8	)		-			-			(5.8	)
Proceeds from sale of assets and other		-			-			1.5			1.5			0.2			-			1.7

Net cash used in investing activities		(3.4	)		-			(78.4	)		(78.4	)		(10.0	)		-			(91.8	)
Cash flows from financing activities:
Borrowings on ABL revolver		148.9			-			-			-			-			-			148.9
Repayments on ABL revolver		(135.2	)		-			-			-			-			-			(135.2	)
Long-term debt payments		-			(1.4	)		(0.3	)		(1.7	)		-			-			(1.7	)
Lease financing obligation payment		-			-			-			-			(2.3	)		-			(2.3	)
Make-whole and other fees paid related to financing activities		(0.3	)		-			(0.3	)		(0.3	)		-			-			(0.6	)
Dividends paid		(22.6	)		-			-			-			-			-			(22.6	)
Distribution to noncontrolling interest		-			-			-			-			(7.7	)		-			(7.7	)
Share-based compensation plan activity		(4.5	)		-			(0.2	)		(0.2	)		-			-			(4.7	)
Distribution to affiliate		-			(9.2	)		(9.2	)		(9.2	)		(11.6	)		20.8			-

Net cash used in financing activities		(13.7	)		(10.6	)		(10.0	)		(11.4	)		(21.6	)		20.8			(25.9	)
Effect of exchange rate changes on cash and cash equivalents		-			-			-			-			(2.3	)		-			(2.3	)

Net change in cash and cash equivalents		-			-			(45.8	)		(45.8	)		(58.0	)		-			(103.8	)
Cash and cash equivalents at beginning of period		-			-			76.9			76.9			89.6			-			166.5

Cash and cash equivalents at end of period	$	-		$	-		$	31.1		$	31.1		$	31.6		$	-		$	62.7