An unknown buyer enter into a letter of intent to acquire 50% stake in Americas Styrenics LLC from Trinseo PLC (NYSE:TSE) on March 13, 2024. The process is expected to lead to a definitive arrangement no later than early 2025. Any proceeds from the sale are expected to be used to pay down a portion of the recently issued $1.077 billion of term loans maturing in 2028.

This ownership exit provision of the AmSty joint venture agreement, includes a structured mechanism that is expected to ultimately lead to a sale of Trinseo?s ownership interest in AmSty.