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.
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