New Issue: Kronos prices €90 million add-on to 8 7/8% notes at 107 to yield 6.136%

By Paul A. Harris

St. Louis, Nov. 18 - Kronos International, Inc. priced a €90 million add-on to its 8 7/8% senior secured notes due June 30, 2009 at 107 on Thursday to yield 6.136%, according to a market source.

Deutsche Bank Securities was the bookrunner for the Rule 144A/Regulation S add-on.

Proceeds will be used for general corporate purposes.

The original €285 million issue priced at par on June 19, 2002.

The issuer, a subsidiary of Kronos Worldwide, Inc., conducts parent NL Industries' European titanium dioxide pigments operations, and is headquartered in Germany.

Issuer:	Kronos International, Inc.
Amount:	€90 million
Security description:	Add-on to 8 7/8% senior secured notes due June 30, 2009
Bookrunner:	Deutsche Bank Securities
Maturity:	June 30, 2009
Coupon:	8 7/8%
Price:	107.0
Yield:	6.136%
Spread:	388 basis points
Call features:	Callable on Dec. 30, 2005 at 104.437, 102.958, 101.479, declining to par on Dec. 30, 2008 and after
Settlement date:	Nov. 26 with accrued interest

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