Plastics Firm Trinseo’s Bankruptcy to Cut Debt by $2 Billion (2)

Trinseo Plc has filed for bankruptcy as it implements a restructuring plan that will see lenders take control of the plastics maker.

The restructuring, which will slash debt by about $2 billion and annual interest expense by about $140 million, will hand nearly 100% of equity to existing lenders, Trinseo said in a statement.

The maker of plastics, latex binders and synthetic rubber filed for Chapter 11 in the Southern District of Texas with debt of about $2.9 billion, according to court filings. That compared to adjusted Ebitda of $162.5 million in 2025.

The Pennsylvania-based company blamed supply-chain disruptions, ...