Kronos International gets waiver of debt ratio under revolver

By Sara Rosenberg

New York, Sept. 3 - Kronos International Inc. received a waiver under its revolving credit facility of the debt ratio for the 12-month period ending Aug. 31, according to an 8-K filed with the Securities and Exchange Commission on Thursday.

The waiver moved the next required debt ratio measurement period to the 12-month period ending Sept. 15.

Deutsche Bank is the agent on the deal.

During the waiver period, the company is continuing discussions with lenders to amend the revolver.

If an amendment is not obtained, the company would seek to refinance the facility with a new group of lenders.

Kronos is a Dallas-based producer and marketer of titanium dioxide pigments.

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