debt
confidence high
sentiment neutral
materiality 0.60
Tronox issues $400M 9.125% senior secured notes due 2030
Tronox Holdings plc
- Issued $400M aggregate principal of 9.125% senior secured notes due 2030.
- Interest payable semi-annually on March 31 and September 30, beginning March 31, 2026.
- Notes mature September 30, 2030, with springing maturity tied to existing 4.625% 2029 notes.
- Redemption options: make-whole before Sep 30, 2027; then step-down prices; 40% equity clawback at 109.125%; 10% annual at 103%.
- Guaranteed by Tronox Holdings and certain restricted subsidiaries; secured obligations.
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