The document provides a financial analysis and recommendation for Trinseo's 5.375% Senior Notes due in 2025. Trinseo's Q3 2017 results exceeded expectations, driven by higher styrene margins and improved margins in other segments. The company has provided a positive EBITDA guidance for FY 2018, supported by strong styrene margins and growth projects. The notes offer an attractive yield compared to peers, and Trinseo is seen as a candidate for a credit rating upgrade. Key risks include earnings volatility, potential competitor capacity increases, and raw material price rises.
doj/DataSet10/EFTA01385297.pdf
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