BERWYN, Pa.--(BUSINESS WIRE)--
Trinseo
(NYSE: TSE), the global materials company and manufacturer of plastics,
latex and rubber, today announced the closing of its initial public
offering of 11,500,000 of its ordinary shares at a price of $19 per
share. The number of ordinary shares issued at closing included
1,500,000 shares for the underwriters’ over-allotment option. Trinseo
received approximately $197.3 million of proceeds from the offering, net
of underwriting fees and estimated expenses. All of the ordinary shares
were offered by the Company.
Goldman, Sachs & Co., Deutsche Bank Securities Inc., Citigroup and
Morgan Stanley & Co. LLC served as joint book-running managers and the
representatives of the underwriters. Barclays Capital Inc., BofA Merrill
Lynch, HSBC Securities (USA) Inc. and Jefferies LLC are also acted as
book-running managers. Mizuho Securities USA Inc., Scotia Capital (USA)
Inc., SMBC Nikko Securities America, Inc. and Wells Fargo Securities,
LLC acted as co-managers of the offering.
Copies of the final prospectus related to the offering may be obtained
from Goldman, Sachs & Co., via telephone: (866) 471-2526; facsimile:
(212) 902-9316; email: prospectus-ny@ny.email.gs.com;
or standard mail at Goldman, Sachs & Co., Attn.: Prospectus Department,
200 West Street, New York, NY, 10282; Deutsche Bank Securities Inc., via
telephone: (800) 503-4611; email: prospectus.CPDG@db.com;
or standard mail at 60 Wall Street, New York, NY 10005-2836; Citigroup,
via telephone: (800) 831-9146; or standard mail at c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, New York, 11717;
or Morgan Stanley & Co. LLC, via standard mail at Morgan Stanley & Co.
LLC, Attn.: Prospectus Dept., 180 Varick Street, 2nd Floor, New York, NY
10014.
A registration statement relating to these securities was declared
effective by the Securities and Exchange Commission on June 11, 2014.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
Formerly known as Styron, Trinseo previously announced plans to change
the name of all Styron affiliated companies to Trinseo. Some, but not
all, of the Styron companies have completed the name change process and
are currently known as Trinseo; Styron companies that have not completed
this process will continue to do business as Styron until their
respective name changes are complete. Styron's operating companies also
continue to do business as Styron at this time.
About Trinseo S.A.
Trinseo is a global materials company and manufacturer of plastics,
latex and rubber. Trinseo’s technology is used by customers in
industries such as home appliances, automotive, building & construction,
carpet, consumer electronics, consumer goods, electrical & lighting,
medical, packaging, paper & paperboard, rubber goods and tires.
Note on Forward-Looking Statements
This press release may contain “forward-looking statements” within
the meaning of the safe harbor provisions of the United States Private
Securities Litigation Reform Act of 1995. Words such as “expect,”
“estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,”
“plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,”
“potential,” “continue,” and similar expressions are intended to
identify such forward-looking statements. Forward-looking statements in
this press release may include, without limitation, forecasts of growth,
revenues, business activity, acquisitions, financings and other matters
that involve known and unknown risks, uncertainties and other factors
that may cause results, levels of activity, performance or achievements
to differ materially from results expressed or implied by this press
release. As a result of the foregoing considerations, you are cautioned
not to place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company undertakes
no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.
Source: Trinseo