Trinseo starts sale process for 50% AmSty stake; expects deal by early 2025

Trinseo PLC

Commenced sale of its 50% ownership in Americas Styrenics LLC via ownership exit provision in the JV agreement.
Expected to lead to a definitive arrangement no later than early 2025.
Proceeds to be used to pay down $1.077 billion of term loans maturing in 2028.
AmSty is a joint venture with Chevron Phillips Chemical Company LP; part of Trinseo's styrenics businesses divestiture plan.

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