Trinseo PLC (TSE) Form 8-K — May 14, 2026
Trinseo PLC has entered into a Restructuring Support Agreement with key creditors, including holders of approximately 98.0% of Super HoldCo 1L Claims, 100% of RCF Claims, and 57.2% of OpCo 2028 Term Loan Claims. The agreement contemplates the cancellation of prepetition funded indebtedness in exchange for reorganized common interests, cash, subscription rights, and takeback term loans. The company also amended its SuperPriority Revolver to increase the cap on aggregate principal amount of loans from $350 million to $375 million. Additionally, a new $25 million incremental revolving credit facility was established, which was fully drawn on May 13, 2026.
Key figures
- Interest Rate
- 9
- Maturity Date
- 2028-02-02
- Equity Rights Offering Amount
- 450000000
- Revolving Credit Facility Amount
- 25000000
AI analysis
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