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Trinseo Reports Commencement Of Sale Process For Interest In Americas Styrenics

Author: Benzinga Newsdesk | March 13, 2024 04:17pm

Americas Styrenics LLC is a joint venture with Chevron Phillips Chemical Company LP. Any proceeds from the sale are expected to be used to pay down a portion of the recently issued $1.077 billion of term loans maturing in 2028. The company expectd the exit process to lead to a definitive arrangement no later than early 2025.

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