debt
confidence medium
sentiment neutral
materiality 0.55
Valhi affiliate Kronos Worldwide issues $53.7M note to Contran, 9.5% secured notes due 2029
VALHI INC /DE/
- Kronos Worldwide executed a $53,705,000 unsecured subordinated promissory note payable to Contran Corporation.
- Kronos International issued 9.50% Senior Secured Notes due 2029 under a supplemental indenture dated Feb 12, 2024.
- Both transactions are incorporated by reference from Kronos Worldwide's separate 8-K filed the same day.
- The note and indenture create direct financial obligations for the Kronos entities, an affiliate of Valhi.