Trinseo Secures New Credit Facility and Ends Previous Agreement

An announcement from Trinseo (TSE) is now available.

Trinseo Ireland Global IHB Limited has secured a $150 million non-recourse revolving credit facility, backed by trade receivables from its various subsidiaries, known as the KKR Credit Agreement. The facility, which bears interest based on SOFR or EURIBOR plus a margin, will be used for corporate purposes and to repay previous obligations under the HSBC Facility—now terminated via a Deed of Release. The Securitization is set to mature in 2028, with an option to extend for one year, and includes customary terms and conditions, including events of default and the possibility of early termination with a premium.

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