Kronos Worldwide, Inc. Announces Private Offering of an Additional €75 Million of 9.50% Senior Secured Notes Due 2029
(NYSE:KRO) Dallas, Texas, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Kronos Worldwide, Inc. (NYSE: KRO) (the “Company”) announced today that it is seeking to raise debt capital through a private offering of €75 million aggregate principal amount of additional 9.50% Senior Secured Notes due 2029 (the “Notes”) by its wholly-owned subsidiary, Kronos International, Inc. (“KII”). 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 that KII issued on February 12, 2024 and July 30, 2024 (the “Existing Notes”). Other than with respect to the date of issuance and issue price, the Notes will have the same terms as the Existing Notes. The Notes will be maintained under the same ISIN and Common Code numbers as the Existing Notes, except that the Notes issued pursuant to Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”), will trade separately under different ISIN and Common Code numbers unt
Related Questions
How will the additional €75 million senior secured notes affect Kronos Worldwide’s leverage ratios and credit rating?
What are the intended uses of the proceeds, and will they fund growth initiatives or refinance existing debt?
How does the yield and covenants of these new notes compare to the existing €351 million issuance and to similar offerings by peers?