Kronos Worldwide amends credit facility to replace LIBOR with SOFR reference rates

KRONOS WORLDWIDE INC

Amendment dated May 8, 2023 replaces USD LIBOR with SOFR in $225M asset-based revolving credit facility.
All other material terms of the credit agreement remain unchanged.
Parties include Kronos Worldwide, its subsidiaries, and Wells Fargo Bank as administrative agent.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

KRONOS WORLDWIDE INC amended Credit Agreement with Wells Fargo Bank, National Association valued at $225 million asset-based revolving credit facility (effective 2023-05-08).

Action: amendment
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association
Value: $225 million asset-based revolving credit facility
Effective: 2023-05-08

Exact text from the filing

Kronos Worldwide, Inc., together with its direct or indirect operating subsidiaries Kronos Louisiana, Inc., Kronos (US), Inc., Kronos Canada, Inc., Kronos Europe NV, and Kronos Titan GmbH, entered into an amendment (the "First Amendment") to its Credit Agreement dated as of April 20, 2021 (the "Credit Agreement") with Wells Fargo Bank, National Association, as administrative agent, and the lenders a party thereto.

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Source: SEC EDGAR

accession 0001257640-23-000025

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