Trinseo files Chapter 11 with prepackaged plan to cut $2B debt, exit lenders get equity

Trinseo PLC

Debt reduction of ~$2.0B; annual interest expense cut ~$140M.
Committed $158M DIP financing approved by court to fund operations.
Existing lenders to receive nearly 100% of reorganized equity; existing equity holders get no recovery.
Trade creditors, vendors, and suppliers unimpaired; expected to be paid in full in ordinary course.
Process expected to be expedited, subject to Bankruptcy Court approval and customary conditions.

item 1.03 item 2.04 item 7.01 item 9.01

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accession 0001104659-26-066376

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