other material
confidence medium
sentiment negative
materiality 0.85
Trinseo PLC Chapter 11: DIP credit agreement executed May 28; correction to guarantor names
Trinseo PLC
- Filed Chapter 11 petitions on May 26, 2026 in Southern District of Texas (Bankruptcy Court).
- Dated May 28, 2026, senior secured super-priority DIP holdco credit agreement with lenders and agent.
- DIP facility includes new money commitments and dollar-for-dollar roll-up of prepetition super holdco secured obligations.
- Interest margins: New Money Term Loans Base Rate+8.00% or SOFR+9.00%; Roll Up Term Loans Base Rate+7.50% or SOFR+8.50%.
- Amendment No. 1 corrects typographical errors in guarantor names on Exhibit 10.2 signature pages.