Highest-materiality recent filing
Trinseo convenes EGM under Irish law as net assets fall to half or less of called-up share capital
On Aug 7, 2026, Trinseo determined net assets are half or less of its called-up share capital, triggering Irish Companies Act Section 1111.
Trinseo Q2 net loss $120M, adjusted EBITDA $81M; continues debt restructuring
Net loss of $120M ($3.27 diluted EPS) vs $106M loss prior year; includes $89M pre-tax charges for restructuring.
Trinseo PLC Chapter 11: DIP credit agreement executed May 28; correction to guarantor names
Filed Chapter 11 petitions on May 26, 2026 in Southern District of Texas (Bankruptcy Court).
Trinseo obtains $142.5M new money DIP financing and $150M AR facility in Chapter 11
OpCo DIP Facility: $270M total ($90M new money, $180M roll-up); $60M drawn at closing; interest SOFR+9% (new money) with 3% floor.
Trinseo files Chapter 11 with prepackaged plan to cut $2B debt, exit lenders get equity
Debt reduction of ~$2.0B; annual interest expense cut ~$140M.
Trinseo extends securitization waiver expiration to May 27, 2026
Securitization waiver expiration extended from prior date to May 27, 2026, per counterparty confirmations.
Trinseo enters RSA to cut ~$2.0B debt via pre-packaged Chapter 11; equity holders get no recovery
RSA reduces funded debt by ~$2.0B and annual interest expense by ~$140M.
Trinseo Q1 net loss $116M, adj. EBITDA $53M; cash burn $244M; adds $50M revolver
Net loss of $116M ($3.20 EPS) widened from $79M ($2.22) prior year; adjusted net loss $75M ($2.06 EPS).
Trinseo skips $38M interest payment; lenders waive rights until April 30
Elected not to make ~$38M interest payment due under September 2023 credit agreement.
Securitization facility waiver extends temporary forbearance on certain defaults until April 30, 2026; advance rate cut to 90% from 92.5%.
Trinseo gets temporary debt default waivers through April 30, revolver amended
Received waivers blocking acceleration & collateral enforcement on Senior Credit, Refinance, SuperPriority Revolver until Apr 30, 2026.
Trinseo defaults on ~$22M in interest payments; obtains limited waivers through April 2026
Elected not to pay ~$10M interest on 2L Notes and ~$12M on Senior Credit Agreement after grace periods expired on March 19, 2026.
Trinseo Q4 net loss widens to $251M on $663M revenue; full year Adj EBITDA $163M down 20%
Net sales $663M, down 19% YoY; net loss $251M ($6.98 diluted EPS) vs $118M loss in Q4 2024.
NYSE commences delisting proceedings for Trinseo after market cap falls below $15M
Received NYSE notice on March 2, 2026; trading suspended immediately due to average market cap < $15M over 30 days.
Trinseo delays $10M interest payment on 2L notes, extends credit agreement grace period
Elected 30-day grace period for $10M interest payment due Feb 17, 2026 on 7.625% second lien secured notes.
Trinseo receives NYSE non-compliance notice; market cap avg $35.6M, stock avg $0.99
30-day avg market cap $35.6M; stockholders' deficit $861.6M as of Sep 30, 2025.
Trinseo approves restructuring plan to close PS plant in Schkopau, expects $30-40M charges
Permanent closure of polystyrene production in Schkopau, Germany; consolidation to Tessenderlo, Belgium.
Trinseo Q3 net loss $110M; EPS -$3.05; initiates plant closures for $30M annual savings
Net sales $743M, down 14% YoY; adjusted EBITDA $30M vs $66M prior year.
Trinseo to close MMA plants in Italy, potential PS closure in Germany; suspends dividend
Restructuring charges $80M-$100M; annual profitability improvement targeted at $20M from MMA closures, plus $10M capex reduction.
Trinseo Q2 net loss $106M; adjusted EBITDA $42M, down 37% YoY; 2025 outlook weak
Net loss $106M, EPS -$2.95; adjusted net loss $76M, adjusted EPS -$2.12.
Trinseo Q1 net loss $79M, adj. EBITDA $65M; withdraws FY2025 guidance
Net loss of $79M, EPS -$2.22; adjusted net loss $49M, adjusted EPS -$1.37.
Trinseo reports Q4 net loss $118M, Adj. EBITDA $26M; Q1 outlook Adj. EBITDA $65-$80M
Full-year 2024 net loss $349M (EPS -$9.86) vs $701M in 2023; Adjusted EBITDA $204M, up from $154M.
Trinseo completes exchange offer and refinancing, issues new 7.625% notes due 2029
Exchanged approximately $446.5M of 5.125% Existing 2029 Notes for ~$379.5M of new 7.625% Second Lien Senior Secured Notes due 2029
Trinseo exchange offer secures 99.88% participation; 2025 note redemption on track
$446.5M (99.88%) of 5.125% 2029 notes tendered for new 7.625% secured notes due 2029.
Trinseo launches exchange offer for $447M 5.125% notes due 2029 at 85% of par
Exchange offer: $1,000 existing 5.125% notes due 2029 for $850 in new 7.625% second lien secured notes due 2029.
Trinseo enters TSA to refinance $115M 2025 notes, extend maturities, add $300M revolver
Supporting creditors hold 74% ($330M) of 2029 notes, 89% of revolver commitments, 58% of 2028 term loans.
Total pre-tax restructuring charges $76-97M: decommissioning/demolition $21-26M, contract terminations $27-31M, severance $25-26M, asset-related $3-14M.
Trinseo Q3 net loss $87M, adj EBITDA $66M; guides Q4 adj EBITDA $40-50M
Net sales $868M (-1% YoY); net loss $87M vs $38M prior year; diluted EPS -$2.47 vs -$1.09.
Trinseo announces restructuring plan with $23-28M charges and workforce reduction
Board approved restructuring plan on Sept 26, 2024 combining Engineered Materials, Plastics Solutions and Polystyrene businesses.
Trinseo Q2 net loss $68M, sales -4%, Adj EBITDA $67M; Q3 guidance Adj EBITDA $65-$75M
Net loss $68M (EPS -$1.92); Adjusted Net Loss $52M (Adj EPS -$1.46); Net sales $920M, -4% YoY.
Trinseo enters $150M non-recourse receivables facility with KKR, replaces prior facility
New $150M non-recourse revolving credit facility collateralized by trade receivables; replaces HSBC facility of same size.
Trinseo Q1 net loss $76M (-$2.14 EPS); adj EBITDA $45M; Q2 guidance adj EBITDA $60-75M
Net loss $76M, EPS -$2.14; adjusted net loss $69M, adj EPS -$1.94.
Trinseo starts sale process for 50% AmSty stake; expects deal by early 2025
Commenced sale of its 50% ownership in Americas Styrenics LLC via ownership exit provision in the JV agreement.
Trinseo reports FY2023 net loss $701M, Adj EBITDA $154M; Q1 2024 outlook $40-50M Adj EBITDA
FY2023 net loss from cont ops $701M includes $349M goodwill impairment, $160M deferred tax valuation allowance; Adj EBITDA $154M (FY2022: $312M).
Pierre-Marie De Leener and Mark Tomkins, two members of the Board of Directors (the “Board”) of Trinseo PLC (the “Company”), notified the Company of their decision to retire from the Board and not stand for reelection at the Company’s 2025 annual general meeting of shareholders.
Pierre-Marie De Leener and Mark Tomkins, two members of the Board of Directors (the “Board”) of Trinseo PLC (the “Company”), notified the Company of their decision to retire from the Board and not stand for reelection at the Company’s 2025 annual general meeting of shareholders.
On September 21, 2023, Trinseo PLC (the “Company”) appointed Roger Greene, age 47, as Vice President, Controller and Principal Accounting Officer of the Company, effective September 25, 2023.
David Stasse, the Company’s Executive Vice President and Chief Financial Officer, will no longer serve as interim principal accounting officer following Mr. Greene’s appointment.
On July 20, 2023, Bernard Skeete informed Trinseo PLC (the “Company”) of his decision to resign from his position as Vice President and Chief Accounting Officer of the Company to pursue a new opportunity, effective August 4, 2023.
David Stasse, the Company’s Chief Financial Officer, will serve as the Company’s interim principal accounting officer until Mr. Skeete’s successor is appointed.
On July 18, 2023, Trinseo PLC (the “Company”) announced that Andre Lanning, the Company’s Senior Vice President and Chief Operating Officer would be terminated in connection with a reorganization of the Company’s executive leadership team.
On April 13, 2023, Donald Misheff and Philip Martens, two members of the Board of Directors (the “Board”) of Trinseo PLC (the “Company”), notified the Company of their decision to retire from the Board and not stand for reelection at the Company’s 2023 annual general meeting of shareholders.
On April 13, 2023, Donald Misheff and Philip Martens, two members of the Board of Directors (the “Board”) of Trinseo PLC (the “Company”), notified the Company of their decision to retire from the Board and not stand for reelection at the Company’s 2023 annual general meeting of shareholders.
On February 21, 2022, Trinseo PLC (the “Company”) announced that Andre Lanning had been appointed as Senior Vice President and Chief Commercial Officer, effective as of March 1, 2022.
Effective as of November 29, 2021, Paula M. Cooney, will join the Company as Senior Vice President, Chief Human Resources Officer.
On October 27, 2021, Trinseo PLC (the “Company”) announced that Alice Heezen, the Company’s Senior Vice President, Human Resources is leaving the Company to pursue other opportunities.
Max materiality 1.00 · Median 0.72 · Most common event other_material