KRONOS Worldwide Inc. Secures €75 Million in New Financing Through Private Placement of Senior Secured Notes

Reuters
09/16
KRONOS Worldwide Inc. Secures €75 Million in New Financing Through Private Placement of Senior Secured Notes

KRONOS Worldwide Inc., through its wholly-owned subsidiary Kronos International, Inc., has successfully completed a private placement of €75 million in 9.50% senior secured notes due 2029. This issuance, dated September 15, 2025, adds to the existing €351,174,000 in senior secured notes, creating a unified series under the same indenture. The transaction, conducted under Rule 144A and Regulation S, yielded net proceeds of approximately €77.3 million ($90.4 million). These funds are earmarked primarily to settle the company's 3.75% Senior Secured Notes maturing on the same date, with any surplus allocated for general corporate purposes. The newly issued notes, priced at 105.0% of their principal amount, are identical to the existing notes but will initially trade separately under different identifiers until a specified period. This strategic financing move underscores KRONOS Worldwide's commitment to managing its financial obligations effectively while maintaining flexibility for future corporate activities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. KRONOS Worldwide Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001257640-25-000034), on September 15, 2025, and is solely responsible for the information contained therein.

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