Tronox Holdings draws down $200 million of revolving credit loans

By Sarah Lizee

Olympia, Wash., March 26 – Tronox Holdings plc provided notice to draw down $200 million of revolving credit loans under its credit facilities as a precautionary measure to increase liquidity and preserve financial flexibility, according to a press release.

“We plan to repay the amounts drawn when the macro uncertainty subsides,” chairman and chief executive officer Jeffry N. Quinn said in the release.

Tronox is a Stamford, Conn., mining and inorganic chemical company focused on titanium, zircon and other minerals.

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