BRIEF-Trinseo PLC Commences Voluntary Chapter 11 Cases In U.S. Bankruptcy Court

- Trinseo PLC 3XD.F:

  • TRINSEO PLC - COMMENCES VOLUNTARY CHAPTER 11 CASES IN U.S. BANKRUPTCY COURT

  • TRINSEO PLC - RESTRUCTURING TO REDUCE DEBT BY $2.0 BILLION AND INTEREST EXPENSE BY $140 MILLION

  • TRINSEO PLC - RESTRUCTURING FUNDED BY $158 MILLION DEBTOR-IN-POSSESSION FINANCING

  • TRINSEO PLC - ALSO ANNOUNCED A NEW $150 MILLION NON-RECOURSE REVOLVING CREDIT FACILITY

  • TRINSEO PLC - EXISTING LENDERS TO RECEIVE NEARLY 100% OF REORGANIZED TRINSEO EQUITY

Source text: ID:nBwqL06ta

Further company coverage: 3XD.F