Trinseo PLC Files 8-K for Material Definitive Agreement

TL;DR

Trinseo signed a big deal, filing an 8-K on Jan 17, 2025.

AI Summary

On January 17, 2025, Trinseo PLC entered into a Material Definitive Agreement. The filing also includes financial statements and exhibits related to this agreement. The specific details of the agreement and its financial implications are not fully disclosed in the provided text.

Why It Matters

This filing indicates a significant new contract or partnership for Trinseo PLC, which could impact its future revenue and operations.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, which could carry significant financial or operational risks and rewards not yet fully detailed.

Key Players & Entities

• Trinseo PLC (company) — Registrant
• January 17, 2025 (date) — Date of earliest event reported
• 440 East Swedesford Road (address) — Business and Mail Address

FAQ

Key Financial Figures

• $0.01 — registered Ordinary Shares, par value $0.01 per share TSE New York Stock Exchange

Filing Documents

• tm253651d1_8k.htm (8-K) — 35KB
• tm253651d1_ex4-1.htm (EX-4.1) — 82KB
• tm253651d1_ex4-2.htm (EX-4.2) — 1093KB
• tm253651d1_ex10-1.htm (EX-10.1) — 1496KB
• tm253651d1_ex10-2.htm (EX-10.2) — 1959KB
• tm253651d1_ex10-3.htm (EX-10.3) — 1206KB
• image_001.jpg (GRAPHIC) — 1KB
• 0001104659-25-004689.txt ( ) — 7262KB
• tse-20250117.xsd (EX-101.SCH) — 3KB
• tse-20250117_lab.xml (EX-101.LAB) — 33KB
• tse-20250117_pre.xml (EX-101.PRE) — 22KB
• tm253651d1_8k_htm.xml (XML) — 4KB

01

Item 1.01 Entry into a Material Definitive Agreement As previously announced on January 17, 2025 (the "Settlement Date") , Trinseo PLC (the "Company"), and certain of its direct and indirect subsidiaries, consummated a series of transactions contemplated by that certain Transaction Support Agreement dated December 9, 2024, pursuant to which the Company and certain of its subsidiaries entered into the following: Trinseo Holding S. r.l.'s ("Trinseo Holdings") and Trinseo Materials Finance, Inc. (together with Trinseo Holdings, the "Existing Issuers"), each indirect wholly owned subsidiaries of the Company, entered into a supplemental indenture (the "Existing 2029 Notes Supplemental Indenture") to the to the indenture governing the Existing Issuers' 5.125% senior notes due 2029 (the "Existing 2029 Notes") with The Bank of New York Mellon, as trustee, and each of the guarantors of the Existing 2029 Notes. Trinseo Luxco Finance SPV S. r.l. ( "Finance SPV") and Trinseo NA Finance SPV LLC (together with Finance SPV, the "New Issuers"), each indirect wholly owned subsidiaries of the Company, issued new 7.625% Second Lien Senior Secured Notes due 2029 (the "New 2L Notes") pursuant to an indenture, dated as of the Settlement Date (the "New 2L Notes Indenture"), by and among the New Issuers, the Company, certain guarantor subsidiaries of the Company from time to time party thereto, The Bank of New York Mellon, as trustee, and Alter Domus (US) LLC, as notes collateral agent. The Existing Issuers, Trinseo Luxco S. r.l., a wholly owned subsidiary of the Company ("Trinseo Luxco"), the guarantors party thereto from time to time, Deutsche Bank AG New York Branch, as administrative agent and collateral agent, and the lenders party thereto executed a new credit agreement (the "OpCo Super-Priority Credit Agreement"). The Existing Issuers, the guarantors party thereto, Deutsche Bank AG New York Branch, as administrative agent and collateral agent (the "OpCo Collateral Agent")

Financial Statements and Exhibits

Financial Statements and Exhibits. 4.1 Seventh Supplemental Indenture to the indenture dated as of March 24, 2021, by and among Trinseo Holding S. r.l., Trinseo Materials Finance, Inc., the guarantors named therein, and The Bank of New York Mellon, as trustee, dated as of January 17, 2025. 4.2 Indenture among Trinseo Luxco Finance SPV S. r.l., Trinseo NA Finance SPV LLC, the guarantors named therein, The Bank of New York Mellon, as trustee, and Alter Domus (US) LLC, as collateral agent, dated as of January 17, 2025. 4.3 Form of Global Restricted Note due 2029 (included as Exhibit A to Exhibit 4.2 hereto). 10.1* Credit Agreement, by and among Trinseo Luxco S. r.l., Trinseo Holding S. r.l., Trinseo Materials Finance, Inc., Deutsche Bank AG New York Branch, as administrative agent and collateral agent, and the guarantors and lenders party thereto, dated as of January 17, 2025. 10.2* 2025 Incremental Amendment to the Credit Agreement dated September 6, 2017, by and among Trinseo Luxco S. r.l., Trinseo Holding S. r.l., Trinseo Materials Finance, Inc., Trinseo Luxco Finance SPV S. r.l., and Deutsche Bank AG New York Branch, as administrative agent, collateral agent, L/C issuer and swing line lender, and the guarantors and lenders party thereto, dated as of January 17, 2025. 10.3* Third Amendment to Credit Agreement dated as of September 8, 2023, by and among Trinseo NA Finance LLC, Trinseo LuxCo Finance SPV S. r.l., Trinseo NA Finance SPV LLC, Trinseo PLC, and Alter Domus (US) LLC, as administrative agent and collateral agent, dated January 17, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) *Certain schedules, exhibits and similar attachments have been omitted pursuant to Item 601(a)(5) of Regulation S-K and portions of this exhibit have been redacted pursuant to Item 601(a)(6) of Regulation S-K. The Company will provide a copy of such omitted materials to the Securities and Exchange Commission or its st

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View this 8-K filing on SEC EDGAR