Trinseo Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares
BERWYN, Pa – June 17, 2014 – Trinseo (NYSE: TSE), the global materials company and manufacturer of plastics, latex and rubber, today announced the closing of its initial public offering of 11,500,000 of its ordinary shares at a price of $19 per share. The number of ordinary shares issued at closing included 1,500,000 shares for the underwriters’ over-allotment option. Trinseo received approximately $197.3 million of proceeds from the offering, net of underwriting fees and estimated expenses. All of the ordinary shares were offered by the Company.
Goldman, Sachs & Co., Deutsche Bank Securities Inc., Citigroup and Morgan Stanley & Co. LLC served as joint book-running managers and the representatives of the underwriters. Barclays Capital Inc., BofA Merrill Lynch, HSBC Securities (USA) Inc. and Jefferies LLC are also acted as book-running managers. Mizuho Securities USA Inc., Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc. and Wells Fargo Securities, LLC acted as co-managers of the offering.
Copies of the final prospectus related to the offering may be obtained from Goldman, Sachs & Co., via telephone: (866) 471-2526; facsimile: (212) 902-9316; email: firstname.lastname@example.org; or standard mail at Goldman, Sachs & Co., Attn.: Prospectus Department, 200 West Street, New York, NY, 10282; Deutsche Bank Securities Inc., via telephone: (800) 503-4611; email: prospectus.CPDG@db.com; or standard mail at 60 Wall Street, New York, NY 10005-2836; Citigroup, via telephone: (800) 831-9146; or standard mail at c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York, 11717; or Morgan Stanley & Co. LLC, via standard mail at Morgan Stanley & Co. LLC, Attn.: Prospectus Dept., 180 Varick Street, 2nd Floor, New York, NY 10014.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on June 11, 2014. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Formerly known as Styron, Trinseo previously announced plans to change the name of all Styron affiliated companies to Trinseo. Some, but not all, of the Styron companies have completed the name change process and are currently known as Trinseo; Styron companies that have not completed this process will continue to do business as Styron until their respective name changes are complete. Styron’s operating companies also continue to do business as Styron at this time.
About Trinseo S.A.
Trinseo is a global materials company and manufacturer of plastics, latex and rubber. Trinseo’s technology is used by customers in industries such as home appliances, automotive, building & construction, carpet, consumer electronics, consumer goods, electrical & lighting, medical, packaging, paper & paperboard, rubber goods and tires.
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