UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class | Trading symbol(s) | Name of Each Exchange on which registered |
ITEM 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On March 31, 2020, the Company submitted notice of withdrawal of $100 million from its revolving credit facility, as a precautionary measure to secure additional cash and ensure greater financial flexibility in light of the current economic uncertainty resulting from the COVID-19 novel coronavirus outbreak. Following the withdrawal, the Company had approximately $260 million (net of $15.0 million outstanding letters of credit) in available capacity remaining under its revolving credit facility. The portion of the the Company’s Press Release, furnished as Exhibit 99.1 hereto, relating to the Company’s withdrawal from its revolving credit facility is incorporated herein by reference.
ITEM 7.01 Regulation FD.
On April 1, 2020, the Company issued a press release providing a business update on impacts of the COVID 19 outbreak and economic downturn on the Company and its operations (the “Press Release”). A copy of the Press Release is furnished as Exhibit 99.1 hereto and incorporated by reference herein.
The information contained in this Item 7.01, including the related information set forth in the Press Release, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of such section. The information in this Item 7.01, including the Press Release, shall not be incorporated by reference into any filings under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing.
ITEM 9.01 Exhibits.
(d) Exhibits
Exhibit |
| Description |
99.1 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
TRINSEO S.A. | ||
By: | /s/ Angelo N. Chaclas | |
Name: | Angelo N. Chaclas | |
Title: | Senior Vice President, Chief Legal Officer, | |
Date: April 1, 2020 | ||