Kronos Worldwide exchanges up to €325M of 3.75% notes for 9.50% notes; early tender oversubscribed

KRONOS WORLDWIDE INC

€374M of €400M outstanding Old Notes tendered early; maximum acceptance set at €325M, proration expected.
Holders tendering by Feb 5 get €850 New Notes (9.50%, due 2029) plus €150 cash per €1,000 Old Notes.
Requisite consents obtained to amend Old Notes indenture; supplemental indenture to be executed; settlement on Feb 12.
Concurrent Additional New Notes Offering of up to €50M terminated due to oversubscription of Exchange Offer.
Old Notes accepted will be retired and cancelled; no cash proceeds to Issuer from the New Notes issued.

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