Trinseo calls $300 million 6¾% notes and €375 million 6 3/8% notes

By Susanna Moon

Chicago, Aug. 4 – Trinseo Materials Operating SCA and Trinseo Materials Finance, Inc. issued a contingent call for their $300 million of 6¾% senior notes due 2022 and €375 million of 6 3/8% senior notes due 2022.

The notes will be redeemed at par plus a premium on Sept. 7 if the conditions to the call are met, according to a company notice.

The premium will be 6.57206859% for the 6¾% notes and 7.45859474% for the 6 3/8% notes.

Holders also will receive accrued interest to but excluding the redemption date.

The call is contingent on the company refinancing its senior secured credit facility and the issue of at least $1.2 billion senior notes by Sept. 1, the notice stated.

The issuers said on Aug. 3 that they were considering redeeming the notes by way of refinancing.

The Bank of New York Mellon, London Branch is the trustee and paying agent.

As reported Aug. 2, Trinseo Materials is scheduled to hold a bank meeting at 12:30 p.m. ET on Monday to launch a $700 million to $800 million seven-year first-lien term loan with proceeds to be used to refinance existing debt.

Trinseo is a Berwyn, Pa.-based materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber.

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