Ropes & Gray’s work representing Trinseo plc in its $1.077 billion secured term loan financing was honored as a ‘Successful Restructurings of 2023’ by Turnarounds & Workouts. The publication highlighted the deal as one of the largest and most significant in 2023 to leverage the so-called double dip or “pari plus” structure.
The Ropes & Gray team that advised Trinseo was led by finance partner Leonard Klingbaum, finance partner Arek Maczka, capital markets partners Craig Marcus and Rachel Phillips, and litigation & enforcement partners Matt McGinnis and Rob Roberts.
Turnarounds & Workouts, a monthly newsletter covering corporate restructurings and distressed investments, published its list of ‘Successful Restructurings of 2023’ in its January 2024 issue, available here.
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