Trinseo PLC (TSE) Form 8-K — Jun 1, 2026
Trinseo PLC has entered into two senior secured super-priority Debtor-in-Possession (DIP) credit agreements to fund its operations during Chapter 11 bankruptcy proceedings. The OpCo DIP Facility provides $270 million in aggregate principal, consisting of $90 million in new money commitments (of which $60 million was drawn) and a $180 million roll-up of prepetition obligations. The Super-Holdco DIP Facility provides an additional $157.5 million in aggregate principal, comprising $52.5 million in new money commitments (of which $35 million was drawn) and a $105 million roll-up of prepetition first lien term loans.
Key figures
- Maturity Date
- May 28, 2027
- AR Interest Rate
- Term SOFR + 6.00%
- AR Facility Total
- 150000000
- AR Minimum Advances
- 75000000
- Op Co New Money Drawn
- 60000000
- Op Co Roll Up Facility
- 180000000
- Op Co Letters of Credit
- 34000000
- Op Co DIP Facility Total
- 270000000
- Op Co New Money Commitments
- 90000000
- Super Hold Co New Money Drawn
- 35000000
- Op Co Interest Rate New Money
- SOFR + 9.00%
- Super Hold Co Roll Up Facility
- 105000000
- Op Co Interest Rate Roll Up Rev
- SOFR + 2.25%
- Super Hold Co DIP Facility Total
- 157500000
- Op Co Minimum Liquidity Covenant
- 100000000
- Op Co Interest Rate Roll Up Bridge
- SOFR + 9.00%
- Super Hold Co Interest Rate Roll Up
- SOFR + 8.50%
- Super Hold Co New Money Commitments
- 52500000
- Super Hold Co Interest Rate New Money
- SOFR + 9.00%
- Super Hold Co Minimum Liquidity Covenant
- 25000000
AI analysis
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