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Trinseo Shares Up 37% on Debt Refinance Transaction Support Agreement
TSETrinseo(TSE) ZACKS·2024-12-12 22:15

Shares of Trinseo PLC (TSE) grew 37% since the company announced on Tuesday that it has entered a Transaction Support Agreement to restructure its debt and extend maturities. This move will solidify Trinseo’s ability to carry out its strategic initiatives to aid the ongoing transformation into a leading provider of specialty materials and sustainable solutions.Details on Trinseo’s Transaction Support AgreementUnder the agreement, the supporting creditors will support transactions to refinance upcoming matur ...