Trinseo bags savings with new financial structure in dollars

US plastics manufacturer Trinseo priced its new dollar refinancing bond deal with coupons more than 100bp tighter than the old notes. It is also marketing new term loans.

  • By Victor Jimenez
  • 16 Aug 2017

"Trinseo is taking advantage of low rates to reduce its cost of debt and extend maturities," said Moody’s analyst John Rogers in a rating notice on Monday.

The borrower released final terms for its new eight year non-call three senior unsecured bonds on Tuesday evening. It increased the ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 15,608.24 61 6.88%
2 BNP Paribas 14,498.69 78 6.39%
3 Goldman Sachs 13,002.56 50 5.73%
4 HSBC 12,340.95 74 5.44%
5 Deutsche Bank 11,531.87 64 5.08%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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1 JPMorgan 5,335.13 43 7.86%
2 Goldman Sachs 4,801.82 38 7.07%
3 Deutsche Bank 4,643.96 44 6.84%
4 Credit Suisse 4,353.57 48 6.41%
5 Barclays 4,156.24 35 6.12%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 27,143.08 213 10.83%
2 Citi 21,041.57 167 8.39%
3 Bank of America Merrill Lynch 20,960.58 186 8.36%
4 Goldman Sachs 18,419.20 133 7.35%
5 Morgan Stanley 17,410.41 103 6.94%