BERWYN, Pa.--(BUSINESS WIRE)--
Trinseo
(NYSE: TSE), the global materials company and manufacturer of plastics,
latex and rubber, today announced the early redemption by its
wholly-owned subsidiaries of $132.5 million of their issued and
outstanding 8.750% Senior Secured Notes due 2019 (CUSIP: 89668Q AB4).
The redemption occurred on July 14, 2014. The Company funded the
redemption by using proceeds from its Initial Public Offering of
11,500,000 of its ordinary shares at a price of $19 per share, which
closed on June 17, 2014.
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