Latham Represents Trinseo in Restructuring Approximately US$3.0 Billion of Funded Debt

Latham & Watkins is representing Trinseo PLC, a publicly traded, Irish-incorporated specialty material solutions provider, in its prepackaged chapter 11 cases in the US Bankruptcy Court for the Southern District of Texas, to restructure approximately US$3.0 billion of funded debt. Trinseo’s proposed prepackaged plan will reduce its funded debt obligations by approximately $2.0 billion and eliminate approximately US$140 million in annual interest expense.

The Latham Restructuring team is led by Ryan Preston Dahl, Benjamin M. Rhode, George Klidonas, Andrew Sorkin, Bruce Bell, and Jessica Walker and counsel Annemarie Reilly, with associates Jonathan Weichselbaum and Thomas Fafara. Advice was provided on finance matters by partners Max Silverstein, Joel Weinberger, and Shane Alexander; on corporate matters by partner Daniel Mun and counsel Ben Kaplan; on securities matters by partner Roderick Branch and counsel Manasi Bhattacharyya; on tax matters by partners Joe Kronsnoble; on employee benefits matters by partner James Metz and counsel Richard Nettles; on insurance matters by partner Drew Gardiner and counsel Rachel Katz; on litigation matters by partner Eric Leon; and on antitrust and competition matters by partners Anthemis Economou and Philipp Studt.