05:46 PM EDT, 03/13/2024 (MT Newswires) -- Trinseo ( TSE ) said late Wednesday that it has kicked off a sale process for its 50% ownership in Americas Styrenics, a joint venture with Chevron Phillips Chemical Company.

Any sale proceeds will likely be used to pay down a portion of its $1.08 billion of term loans maturing in 2028, Trinseo ( TSE ) said.

Shares of Trinseo ( TSE ) were up almost 6% in after-hours activity.

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