---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-009949"
form_type: "8-K"
ticker: "TSEOF"
cik: "0001519061"
company_name: "Trinseo PLC"
filed_at: "2024-07-22T23:59:59+00:00"
generated_at: "2026-05-31T18:30:47.579666+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-24-009949
- form_type: 8-K
- ticker: TSEOF
- cik: 0001519061
- company_name: Trinseo PLC
- filed_at: 2024-07-22T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1519061/000155837024009949/0001558370-24-009949-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1519061/000155837024009949/tse-20240718x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-009949
- JSON: https://secwatch.observer/filing/0001558370-24-009949.json
- Plain text: https://secwatch.observer/filing/0001558370-24-009949.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.