Turnaround & Workouts Features Ropes & Gray on its List of ‘Successful Restructurings of 2023’

In The News
February 13, 2024

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, business restructuring partner Ryan Dahl, 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.