Kronos Worldwide Issues Additional €75mln Senior Secured Notes Due 2029

Kronos Worldwide, Inc. has priced a private offering of an additional €75 million of 9.50% senior secured notes due 2029. The notes will have the same terms as existing notes issued in February 2024 and July 2024, except for the date of issuance and issue price. The offering is intended to support the company's capital expenditures and general corporate purposes.

Dallas, Texas, September 02, 2025 — Kronos Worldwide, Inc. (NYSE: KRO) has priced an additional €75 million of 9.50% senior secured notes due 2029. The notes will be issued by Kronos International, Inc. (KII), the company's wholly-owned subsidiary, and will have the same terms as the existing €351,174,000 aggregate principal amount of 9.50% senior secured notes due 2029, issued in February and July 2024, except for the date of issuance and issue price. The notes are being offered through an institutional private placement and are expected to close around September 15, 2025 [1].

The proceeds from this offering are expected to generate approximately €78.8 million ($91.9 million) before fees, according to the company's announcement [2]. The funds will primarily be used to pay amounts due under the company's 3.75% senior secured notes maturing on September 15, 2025, with any remaining funds allocated for general corporate purposes. The notes will be fully and unconditionally guaranteed by Kronos Worldwide, Inc. and its subsidiaries, subject to certain exceptions and secured by first-priority security interests in certain assets of the company and its subsidiaries [1].

The company believes it has developed considerable expertise and efficiency in the manufacture, sale, shipment, and service of its products in domestic and international markets. Kronos Worldwide, Inc. is a leading global producer and marketer of value-added titanium dioxide pigments, or TiO2, a base industrial product used in a wide range of applications. The company sells and provides technical services for its products to approximately 3,000 customers in 100 countries, with the majority of its sales in Europe, North America, and the Asia Pacific region [1].

Forward-looking statements in the press release include the potential outcome or effect of the notes offering or the use of proceeds therefrom. Although Kronos believes the expectations reflected in such forward-looking statements are reasonable, it cannot give any assurances that these expectations will prove to be correct. Such statements by their nature involve substantial risks and uncertainties that could significantly impact expected results, and actual future results could differ materially from those described in such forward-looking statements [1].

References:
[1] https://finance.yahoo.com/news/kronos-worldwide-inc-announces-private-063000262.html
[2] https://www.stocktitan.net/news/KRO/kronos-worldwide-inc-prices-private-offering-of-an-additional-75-qm8fj2rd94t7.html