Trinseo exchange offer secures 99.88% participation; 2025 note redemption on track

Trinseo PLC

$446.5M (99.88%) of 5.125% 2029 notes tendered for new 7.625% secured notes due 2029.
Exchange ratio: $850 new notes per $1,000 existing; new aggregate principal ~$379.5M.
Consents obtained to amend indenture, removing restrictive covenants and releasing guarantees.
Supplemental notice for full redemption of 5.375% 2025 notes; condition expected Jan 17, 2025.
Settlement and redemption expected Jan 17, 2025, subject to TSA closing conditions.

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