Troubled Chemical Firm TPC Preps for Debt Talks as Payments Loom

TPC Group Inc. and its creditors are gearing up for debt talks ahead of more than $50 million in interest payments the troubled company has due next month, according to people with knowledge of the discussions.

The chemical company has told creditors it may skip the upcoming payments, and is discussing options to address its more than more than $1 billion of debt, said the people, who declined to be named discussing private information. The company’s earnings have plummeted as it deals with the fallout of a string of crises.

The Houston-based company faced a plant explosion in 2019 and ...