Trinseo PLC (NYSE:TSE) shares are trading higher after the company announced it secured a transaction support agreement with key holders of its senior notes and term loans.
As per the transaction support agreement, these creditors will support transactions aimed at refinancing near-term maturities, enhancing operating liquidity, extending the nearest debt maturity to 2028, and capturing a discount through an exchange of the company’s 2029 senior notes.
Trinseo plans to redeem and refinance its $115 million in 2025 Senior Notes by issuing $115 million in 2028 Refinance Term Loans.
These loans will carry terms similar to the credit facility…
