Kronos Worldwide, Inc. announced a private offering of €75 million aggregate principal amount of additional 9.50% Senior Secured Notes due 2029 through its subsidiary, Kronos International, Inc.
The Notes are being offered as additional notes to the existing €351,174,000 aggregate principal amount of 9.50% Senior Secured Notes due 2029 issued in February and July 2024
The Company intends to use the proceeds from the offering to pay amounts due under its 3.75% Senior Secured Notes due in 2025 and for general corporate purposes
Offering Details
Private offering of €75 million 9.50% Senior Secured Notes due 2029 by Kronos International, Inc.
Use of Proceeds
To pay amounts due under 3.75% Senior Secured Notes due 2025 and for general corporate purposes
Guarantees
Notes will be fully guaranteed by the Company and its subsidiaries and secured by first-priority security interests in certain assets
- The completion of the offering is subject to market conditions
- Proceeds will be used to address upcoming debt maturity and for corporate purposes
Kronos Worldwide's private offering of 9.50% Senior Secured Notes demonstrates its commitment to managing its debt obligations and supporting future growth initiatives.