---
schema_version: "secwatch.filing_event.v1"
accession: "0001257640-24-000003"
form_type: "8-K"
ticker: "KRO"
cik: "0001257640"
company_name: "KRONOS WORLDWIDE INC"
filed_at: "2024-01-23T23:59:59+00:00"
generated_at: "2026-06-06T19:49:35.107929+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kronos launches exchange of up to €325M 2025 notes for 9.5% notes due 2029; Q4 sales $390-410M

## Summary
- Exchange offer: up to €325M of 3.75% notes due 2025 for 9.5% notes due 2029; early tender gets €850 New Notes + €150 cash per €1,000 Old Notes.
- Consent solicitation to amend indenture covenants to align with new notes; requires majority of outstanding Old Notes.
- Preliminary Q4 2023: net sales $390-410M (+14-20% YoY), EBITDA $5-8M vs -$8.2M in Q4 2022; TiO2 volumes +29%.
- 2024 outlook: expects Q1 sales volumes to exceed Q1 2023; cost savings ~$31M from workforce reductions and tech innovations.
- Funding: expects €50M subordinated loan from parent Contran at 2% above New Notes rate, maturing 5.5 years after incurrence.

## SEC filing metadata
- accession: 0001257640-24-000003
- form_type: 8-K
- ticker: KRO
- cik: 0001257640
- company_name: KRONOS WORLDWIDE INC
- filed_at: 2024-01-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1257640/000125764024000003/0001257640-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1257640/000125764024000003/kro-20240123x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001257640-24-000003
- JSON: https://secwatch.observer/filing/0001257640-24-000003.json
- Plain text: https://secwatch.observer/filing/0001257640-24-000003.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.