| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for Trinseo Materials Finance, Inc. > News item |
Trinseo to pay $817 million to call 6¾% notes, 6 3/8% notes due 2022
By Susanna Moon
Chicago, Sept. 8 – Trinseo Materials Operating SCA and Trinseo Materials Finance, Inc. redeemed their $300 million 6¾% senior notes due 2022 and €375 million 6 3/8% senior notes due 2022 on Thursday.
The redemption price was par for €375 million of the euro notes and the $300 million principal amount of the dollar notes; for the rest the redemption price was 107.46% for the euro notes and 106.57% for the dollar notes plus accrued interest to but excluding the redemption date, according to an 8-K filing with the Securities and Exchange Commission by Trinseo SA.
The issuers deposited about $817 million on Wednesday to fund the redemption with trustee Wilmington Trust, NA on Thursday, the filing noted.
Trinseo is a Berwyn, Pa.-based materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.