Trinseo starts roadshow for $1.33 billion offering of six-year notes

By Paul A. Harris

Portland, Ore., Jan. 17 - Trinseo Materials Operating SCA and Trinseo Materials Finance, Inc. began a roadshow on Thursday for a $1,325,000,000 offering of six-year senior secured notes, according to a market source.

The deal is expected to price late in the week ahead.

Deutsche Bank Securities Inc. is the left bookrunner.

Barclays, HSBC Securities (USA) LLC, Goldman Sachs & Co., Scotia Capital (USA) Inc., BMO Securities, Mizuho Securities USA Inc. and SMBC are the joint bookrunners.

The Rule 144A and Regulation S with registration rights notes come with 2.5 years of call protection.

The Berwyn, Pa.-based materials company plans to use the proceeds, along with a new revolver, to repay bank debt.

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