Bain Capital-backed Trinseo prices IPO

Trinseo SA, a plastics maker that is backed by Bain Capital, has priced its IPO of 10 million shares at between $17 and $19 per share. The company plans on listing the stock on the NYSE under the ticker symbol “TSE.” Goldman Sachs, Deutsche Bank Securities, Citigroup and Morgan Stanley are serving as lead underwriters.

PRESS RELEASE

Berwyn, PA – June 02, 2014
Trinseo, the global materials company and manufacturer of plastics, latex and rubber, today announced the launch of its initial public offering of 10,000,000 of its ordinary shares. The initial public offering price is currently expected to be between $17.00 and $19.00 per share, which would result in a total offering size of between $170 million and $190 million.
Trinseo has granted the underwriters an option to purchase up to an additional 1,500,000 additional ordinary shares. The offering is being made pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission (“SEC”) today. Application has been made for the quotation of Trinseo’s ordinary shares on the New York Stock Exchange under the symbol “TSE”.
Goldman, Sachs & Co., Deutsche Bank Securities Inc., Citigroup and Morgan Stanley & Co. LLC are acting 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 acting as book-running managers. Mizuho Securities USA Inc., Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc. and Wells Fargo Securities, LLC are acting as co-managers of the offering.
The offering will be made only by means of a prospectus. Copies of the preliminary prospectus related to the offering may be obtained, when available, from Goldman, Sachs & Co., via telephone: (866) 471-2526; facsimile: (212) 902-9316; email: prospectus-ny@ny.email.gs.com; 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 email: prospectus@morganstanley.com; or standard mail Morgan Stanley & Co. LLC, Attn.: Prospectus Dept., 180 Varick Street, 2nd Floor, New York, NY 10014.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the 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.
Styron 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
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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