Trinseo PLC (TSE) Form 8-K — May 26, 2026
$TSEForm 8-KItems 1.03, 2.04, 7.01, 9.01Filed May 26, 2026, 5:27 PM ET0001104659-26-066376Original filing
Trinseo PLC filed voluntary petitions under Chapter 11 of the Bankruptcy Code on May 26, 2026, in the U.S. Bankruptcy Court for the Southern District of Texas to implement a prepackaged plan of reorganization. The filing follows a severe downturn in the chemical industry, characterized by overcapacity, weak demand, and rising input costs, which strained the company’s liquidity and led to its delisting from the NYSE in March 2026. The restructuring plan involves approximately $2.9 billion in funded debt.
Key figures
- Total Debt
- 2900000000
- Debt Amount
- 158000000
- Opco dip
- 270000000
- Net sales 2023
- 3675000000
- Net sales 2024
- 3513000000
- Net sales 2025
- 2975000000
- Super holdco dip
- 157500000
- Exit rcf facility
- 200000000
- Adjusted ebitda 2025
- 162500000
- Opco exit distribution
- 35000000
- Backstop purchase price
- 180000000
- Exit term loan facility
- 850000000
- Nol carryforwards us state
- 158000000
- Opco 2028 term loan claims
- 716250000
- Equity rights offering price
- 270000000
- Nol carryforwards us federal
- 126000000
- Super holdco 1l distribution
- 810000000
- Disallowed business interest expense
- 179000000
AI analysis
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