Trinseo to Offer Senior Notes

Trinseo, a maker of plastics, said pre-market Monday that it plans to raise $450 million in gross proceeds through an offering of senior notes due 2025 by its units Trinseo Materials Operating, and Trinseo Materials Finance.

The net proceeds from the notes offering, together with $750 million of term loan borrowings, will be used to repay all outstanding indebtedness under the issuers’ 6.375% senior notes (EUR) and 6.750% senior notes (USD), each due 2022, to refinance the issuers’ existing senior secured credit facility and to pay related fees, expenses and premiums.

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