Trinseo bags savings with new financial structure in dollars

plastic containers
By Victor Jimenez
16 Aug 2017

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.

"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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