Trinseo enters $150M non-recourse receivables facility with KKR, replaces prior facility

Trinseo PLC

New $150M non-recourse revolving credit facility collateralized by trade receivables; replaces HSBC facility of same size.
Maturity date Jan 18, 2028 (with one-year extension option); previous facility matured Nov 2025.
Interest rate Adjusted Term SOFR or EURIBOR (1% floor) plus 4.75% margin; minimum $75M draws incur interest.
No minimum liquidity covenants; proceeds used to repay HSBC facility and for general corporate purposes.
Borrower is an orphan entity; assets not available to Trinseo or its creditors.

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