Creditors to Trinseo are reengaging with advisors amid a collapse in the listed commodity chemicals company’s capital structure late last year, said three sources familiar with the matter.

An ad hoc group of lenders to Trinseo’s USD 1bn S+ 850bps term loan due 2028 has re-activated with Paul Hastings, said two of the sources. A separate group of holders of the issuer’s USD 718m SOFR+ 225bps term loan due 2028 has again tapped Gibson Dunn as legal counsel, said the sources.