 |
FTI Consulting is working the Chapter 11 filing of Trinseo, the plastics and engineered materials company, as it revamps its financial structure to slash its $2B debt load.
The agreement also has the Wayne, PA-based company receiving financial commitments of $183M to support continued operations.
Bankruptcy protection enables Trinseo to operate its “business uninterrupted, drive innovation, support growth and manufacture the products that our customers rely on for decades to come,” said CEO Frank Bozich.
He expects Trinseo to emerge from Chapter 11 as a stronger organization, well-equipped to meet the needs of its partners around the world.
The company chalked up $725M in Q1 revenues and shaved its net loss $37M to $116M.
FTI Consulting’s Rose Temple and Diana Sangiorgio represent Trinseo.
Caterpillar’s Rob Rengel will join ATI Inc. on June 22 as VP-investor relations, succeeding the retiring David Weston.
Hut 8, energy infrastructure platform, has named NextEra Energy's Mark Eidelman head of IR and SVP of strategic finance.
Teneo handles easyJet as Minneapolis investment firm Castlelake mulls a possible takeover of the British budget airline.
Brunswick Group represents Universal Music Group as it rejects the unsolicited $65B takeover offer by billionaire Ed Ackman's Pershing Square Capital Management because it “fundamentally and materially undervalues” the world’s largest music company.
Prosek Partners brings on Danielle O’Brien as a managing director in its investor relations practice, based in the firm’s New York office.
