Kronos Worldwide Inc. Announces €75 Million Private Placement of Senior Secured Notes Due 2029
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Kronos Worldwide, Inc. has announced a private offering of €75 million in additional 9.50% Senior Secured Notes due 2029. This offering extends the existing €351,174,000 of similar notes. The new notes will have the same terms as the existing ones and are guaranteed by the company and its domestic subsidiaries. Proceeds will be used to pay off 3.75% Senior Secured Notes due September 2025 or repay amounts drawn from its credit facility with Wells Fargo, with any additional funds for general corporate purposes.
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