BRIEF-Trinseo PLC Commences Voluntary Chapter 11 Cases In U.S. Bankruptcy Court
May 26 (Reuters) - 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
