Trinseo Shares Up 37% on Debt Refinance Transaction Support Agreement [Yahoo! Finance]
Trinseo PLC Ordinary Shares (TSE)
Last trinseo plc ordinary shares earnings: 2/6 04:15 pm
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Source: Yahoo! Finance
This move will solidify Trinseo's ability to carry out its strategic initiatives to aid the ongoing transformation into a leading provider of specialty materials and sustainable solutions. Under the agreement, the supporting creditors will support transactions to refinance upcoming maturities, enhance liquidity and extend Trinseo's nearest debt maturity to 2028. The creditors will secure discounts by exchanging the company's 2029 senior notes. The company will redeem and refinance existing $115 million 2025 Senior Notes through the issuance of new $115 million 2028 Refinance Term Loans, considering the terms of the existing credit facility established in September 2023. Per the agreement, a new $300 million revolving credit facility will be put in place that will feature a reset springing covenant and a maturity date of February 2028. This will replace the existing revolving credit facility set to mature in May 2026. TSE will exchange at least $330 million of 2029 Senior Notes
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News
- Trinseo Launches Previously Announced Exchange Offer and Consent SolicitationBusiness Wire
- Trinseo Enters into Transaction Support Agreement to Extend Debt Maturities and Increase LiquidityBusiness Wire
- Trinseo Announces Quarterly Dividend of $0.01 Per ShareBusiness Wire
- Trinseo Announces Agreement to Sell Polycarbonate Technology License and Stade, Germany Polycarbonate Assets to Deepak Chem Tech LimitedBusiness Wire
- Trinseo PLC (TSE) Q3 2024 Earnings Call Highlights: Profitability Boost Amidst Volume Challenges [Yahoo! Finance]Yahoo! Finance
TSE
Earnings
- 11/6/24 - Miss
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- 12/11/24 - Form 8-K
- TSE's page on the SEC website