Trinseo to partially redeem 5 3/8% notes due 2025 on Sept. 8

By Mary-Katherine Stinson

Lexington, Ky., Aug. 10 – Trinseo plc’s wholly owned subsidiaries Trinseo Materials Operating SCA and Trinseo Materials Finance, Inc. on Aug. 9 notified holders that they plan a partial redemption of their 5 3/8% notes due 2025, according to an 8-K filing with the Securities and Exchange Commission.

There will be $385 million of the notes redeemed on Sept. 8 at par plus accrued interest.

The buyback is conditioned on the consummation of a financing transaction resulting in a minimum amount of gross proceeds by Sept. 7. This condition may be waived by the issuers.

Bank of New York Mellon is the notes’ trustee.

Trinseo is a Wayne, Pa.-based materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber.

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