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Kronos International to redeem 8 7/8% notes due 2009
By Jennifer Chiou
New York, April 3 - Kronos Worldwide, Inc. said its wholly owned subsidiary, Kronos International, Inc., intends to redeem its 8 7/8% senior secured notes due 2009 using the proceeds of a notes offering.
The company is planning a €400 million private placement of senior secured notes due 2013.
Kronos said it expects to use $470 million of the about $480 million in proceeds for the redemption.
Based in Dallas, Kronos produces titanium dioxide pigments.
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