Kronos Worldwide extends maturity date of $125 million revolver

By Angela McDaniels

Tacoma, Wash., Jan. 30 – Kronos Worldwide, Inc. amended its $125 million revolving credit facility with Wells Fargo Capital Finance, LLC on Monday to extend the maturity date to the earlier of Jan. 30, 2022 and 90 days prior to the maturity date of its term loan, according to an 8-K filing with the Securities and Exchange Commission.

The amendment also increased the percentage of outstanding, non-past-due receivables from certain large North American customers that are incorporated into the borrowing base computation to 60% from 40%.

Kronos is a Dallas-based producer of value-added titanium dioxide pigments.

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