Trinseo Announces Early Redemption of $132.5 Million of its Senior Secured Notes
BERWYN, Pa.--(BUSINESS WIRE)--Trinseo (NYSE: TSE), the global materials company and manufacturer of plastics, latex and rubber, today announced the early redemption by its wholly-owned subsidiaries of $132.5 million of their issued and outstanding 8.750% Senior Secured Notes due 2019 (CUSIP: 89668Q AB4). The redemption occurred on July 14, 2014. The Company funded the redemption by using proceeds from its Initial Public Offering of 11,500,000 of its ordinary shares at a price of $19 per share, which closed on June 17, 2014.
Formerly known as Styron, Trinseo previously announced plans to change the name of all Styron affiliated companies to Trinseo. Some, but not all, of the Styron companies have completed the name change process and are currently known as Trinseo; Styron companies that have not completed this process will continue to do business as Styron until their respective name changes are complete. Styron's operating companies also continue to do business as Styron at this time.
About Trinseo S.A.
Trinseo is a global materials company and manufacturer of plastics, latex and rubber. Trinseo’s technology is used by customers in industries such as home appliances, automotive, building & construction, carpet, consumer electronics, consumer goods, electrical & lighting, medical, packaging, paper & paperboard, rubber goods and tires.
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