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Trinseo Completes Private Exchange Offer
- Client News
- January 15, 2025
Paul, Weiss advised an ad hoc group of Trinseo plc creditors in a $446.5 million private exchange offer as part of Trinseo’s restructuring. Under the exchange offer, the ad hoc group of creditors swapped approximately $446.5 million, or 99.88%, of outstanding 5.125% senior notes due 2029 for about $379.5 million in new 7.625% second lien secured notes due 2029.
The Paul, Weiss team was led by corporate partner Sung Pak, restructuring partner Andrew Rosenberg, and restructuring associate Gary Kavarsky, and included corporate partners David Huntington and Dan Schuster-Woldan; intellectual property partner Claudine Meredith-Goujon and counsel Matthew Rosenberg; tax partner Brian Krause; and restructuring partner Paul Basta and counsel Karen Zeituni.