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Kronos Worldwide plans €400 million eight-year secured notes offering
By Paul A. Harris
Portland, Ore., Sept. 1 – Kronos Worldwide, Inc. announced in a Friday press release that it intends to offer €400 million of senior secured notes due 2025.
Fitch Ratings assigns its BB rating to the notes.
The Dallas-based producer of titanium oxide products intends to use the proceeds from the Rule 144A and Regulation S offering to prepay in full its existing $338.6 million term loan and pay off its North American revolving credit facility. Any remaining proceeds would be used for general corporate purposes.
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