Trinseo delays $10M interest payment using grace period

Trinseo PLC amended its Credit Agreement through subsidiaries on February 16, 2026 to extend, until March 19, 2026, the grace period for interest payments due between February 1 and March 1, 2026.

Rhea-AI Filing Summary

Trinseo PLC amended its Credit Agreement through subsidiaries on February 16, 2026 to extend, until March 19, 2026, the grace period for interest payments due between February 1 and March 1, 2026. This extension is designed to match the grace period available under its second‑lien notes.

Separately, a Trinseo subsidiary elected to use a 30‑day contractual grace period on an approximately $10.0 million interest payment due February 17, 2026 on its 7.625% second lien secured notes due 2029. The company states it has sufficient cash to pay but chose to delay while it continues ongoing discussions with financial stakeholders regarding its capital structure, retaining the right to pay within the grace period before any event of default is triggered.

Positive

• None.

Negative

• Use of grace periods on debt obligations: A Trinseo subsidiary elected a 30‑day grace period on an approximately $10.0 million interest payment for 7.625% second lien notes due 2029, and the Credit Agreement interest grace period was extended to March 19, 2026, highlighting heightened focus on debt management.

Insights

Corporate credit and restructuring analyst

Trinseo is using grace periods on key debt while it negotiates its capital structure.

Trinseo, via subsidiaries, extended the grace period for certain Credit Agreement interest payments to March 19, 2026 and elected a 30‑day grace period on an approximately $10.0 million interest payment on 7.625% second lien notes due 2029. These steps are contractually permitted and avoid an immediate payment.

The company notes it has sufficient cash to make the note interest payment but is delaying in the context of ongoing discussions with financial stakeholders about its capital structure. Combined with risk‑factor language about indebtedness and covenant compliance, this indicates that managing debt obligations is a central focus.

Key items to track in future disclosures will be whether the deferred $10.0 million interest is paid before the 30‑day grace period ends and how the extended Credit Agreement grace period to March 19, 2026 interacts with any eventual capital structure actions the company may describe in later filings.

8-K Event Classification

3 items: 1.01, 7.01, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Trinseo PLC (TSE) change in its Credit Agreement?

Trinseo, through subsidiaries, amended its Credit Agreement to extend the grace period for certain interest payments until 19 March 2026. This applies to interest due on or after 1 February and before 1 March 2026, aligning timing with its second lien notes provisions.

Why did Trinseo PLC (TSE) delay the $10.0 million interest payment on its 2L Notes?

A Trinseo subsidiary elected to use a contractual 30‑day grace period on an approximately $10.0 million interest payment due 17 February 2026. The company links this decision to ongoing discussions with financial stakeholders about its capital structure, despite stating it has sufficient cash available.

Does Trinseo PLC risk an event of default on the 2L Notes?

Under the 2L Notes indenture, a default becomes an event of default only if the interest remains unpaid after the 30‑day grace period. Trinseo retains the right to make all interest payments before the end of this period to avoid triggering that event.

What are the terms of Trinseo’s second lien secured notes mentioned in the 8-K?

The notes referenced are 7.625% second lien secured notes due 2029. On 17 February 2026, an interest payment of approximately $10.0 million was due, for which the company elected to use a contractually available 30‑day grace period instead of paying on the due date.

How does Trinseo PLC describe its current financial discussions with stakeholders?

Trinseo states it is engaged in ongoing discussions with its financial stakeholders regarding its capital structure. The company explains that the decision to utilize the various interest grace periods was made in connection with these continuing capital structure discussions.

Does Trinseo PLC say it has enough cash to pay the delayed interest?

Yes. Trinseo notes that it has sufficient cash on hand to make the approximately $10.0 million interest payment on the 2L Notes. However, it has chosen to delay the payment while using the contractual grace period during capital structure negotiations.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/17/2026 - 06:40 AM Learn about SEC filing dates

0001519061false00-000000000015190612026-02-162026-02-16

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

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CURRENT REPORT

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

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Date of Report (Date of earliest event reported): February 16, 2026

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Trinseo PLC

(Exact name of registrant as specified in its charter)

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Ireland	​	001-36473	​	N/A
(State or other jurisdiction of incorporation or organization)	​	(Commission File Number)	​	(I.R.S. Employer Identification Number)

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440 East Swedesford Road, Suite 301,

Wayne, Pennsylvania 19087

(Address of principal executive offices, including zip code)

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(610) 240-3200

(Telephone number, including area code)

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

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☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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Title of Each Class	Trading symbol(s)	Name of Each Exchange on which registered
Ordinary Shares, par value $0.01 per share	TSE	New York Stock Exchange

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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Emerging growth company ☐

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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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ITEM 1.01Entry into Material Definitive Agreement.

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On February 16, 2026, in connection with ongoing discussions with its financial stakeholders, Trinseo Luxco S.à r.l. (“Trinseo Luxco”), Trinseo Holding S.à r.l. ( “Trinseo Holding”) and Trinseo Materials Finance, Inc. (together with Trinseo Holding, the “Borrowers”), direct and indirect wholly owned subsidiaries of Trinseo PLC (the “Company”), and the lenders party thereto, entered into an amendment (the “Amendment”) to that certain Credit Agreement, dated as of September 6, 2017 (as amended, the “Credit Agreement”), by and among Trinseo Luxco, the Borrowers, the guarantors party thereto from time to time, the lenders party thereto from time to time, and Deutsche Bank AG New York Branch, as administrative agent and collateral agent. The Amendment extends, until March 19, 2026, the grace period for any payment of interest under the Credit Agreement that is due on or after February 1, 2026 and prior to March 1, 2026. This extended grace period aligns with the grace period for payment of interest provided under the indenture governing the 2L Notes (see Item 7.01 below).

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The description of the Amendment included in this Current Report on Form 8-K does not purport to be complete and is qualified in its entirety by reference to the complete terms of the Amendment, a copy of which is attached hereto as Exhibit 10.1 and which is incorporated herein by reference.

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ITEM 7.01Regulation FD Disclosure.

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On February 17, 2026, Trinseo Luxco Finance SPV, S.à r.l., a direct, wholly-owned subsidiary of the Company, elected to utilize a contractually-available 30-day grace period for the payment of interest under the terms of the indenture governing its 7.625% second lien secured notes due 2029 (the “2L Notes”). The Company has therefore elected to delay its next interest payment on the 2L Notes due on February 17, 2026, in the amount of approximately $10.0 million, notwithstanding that the Company has sufficient cash on hand to make such interest payment. Under the indenture governing the 2L Notes, the Company has until the end of the 30-day grace period to make the interest payment before such default triggers an event of default, and the Company retains its right to make all interest payments before the end of the applicable grace period. As previously disclosed, the Company is engaged in ongoing discussions with its financial stakeholders regarding its capital structure and the decision to utilize the grace period was made in connection with these discussions.

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The information under this Item 7.01 to this Current Report on Form 8-K is being furnished and shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information under this Item 7.01 shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.

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Cautionary Note on Forward-Looking Statements

This Current Report may contain forward-looking statements including, without limitation, statements concerning plans, objectives, goals, projections, forecasts, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts or guarantees or assurances of future performance. Forward-looking statements may be identified by the use of words like “expect,” “anticipate,” “believe,” “intend,” “forecast,” “outlook,” “will,” “may,” “might,” “see,” “tend,” “assume,” “potential,” “likely,” “target,” “plan,” “contemplate,” “seek,” “attempt,” “should,” “could,” “would” or expressions of similar meaning. Forward-looking statements reflect management’s evaluation of information currently available and are based on the Company’s current expectations and assumptions regarding its business, the economy, its current indebtedness, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Factors that might cause future results to differ from those expressed by the forward-looking statements include, but are not limited to, outcome of discussions with our financial stakeholders regarding our capital structure, our ability to successfully execute our overall business and transformation strategy; increased costs or disruption in the supply of raw materials; deterioration of our credit profile limiting our access to commercial credit; compliance with laws and regulations impacting our business; conditions in the global economy and capital markets; our current and future levels of indebtedness and ability to service our debt; our ability to meet the covenants under our existing indebtedness; our ability to generate cash flows from operations; our ability to successfully implement and complete proposed restructuring initiatives and to successfully generate cost savings through such initiatives; and those discussed in our Annual Report on Form 10-K, under Part I, Item 1A —”Risk Factors” and elsewhere in our other reports, filings and

furnishings made with the U.S. Securities and Exchange Commission from time to time. As a result of these or other factors, the Company’s actual results, performance or achievements may differ materially from those contemplated by the forward-looking statements. Therefore, we caution you against relying on any of these forward-looking statements. The forward-looking statements included in this Current Report are made only as of the date hereof. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

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ITEM 9.01	Exhibits.
10.1	2026 Grace Period Amendment to the Credit Agreement dated September 6, 2017, by and among Trinseo Luxco S.à r.l., Trinseo Holding S.à r.l., Trinseo Materials Finance, Inc. and the lenders party thereto, dated as of February 16, 2026.
104	Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101)

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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.

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	TRINSEO PLC
	By:	/s/ David Stasse
	Name:	David Stasse
	Title:	Executive Vice President and Chief Financial Officer
Date: February 17, 2026

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Filing Exhibits & Attachments

4 documents

Agreements & Contracts

• EX-10.1 EX-10.1 45.5 KB

Other Documents

• EX-101 EX-101.SCH 2.6 KB
• EX-101 EX-101.LAB 15.5 KB
• EX-101 EX-101.PRE 10.1 KB