secwatch / observer
8-K filed February 12, 2024, 6:59 PM ET ticker KRO CIK 0001257640
debt confidence high sentiment neutral materiality 0.65

KRONOS WORLDWIDE INC (KRO): debt financing — Kronos Worldwide exchanges €325M of 3.75% notes for 9.50% notes, borrows $53.7M from Contran at 11.5%

KRONOS WORLDWIDE INC

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

KRONOS WORLDWIDE INC incurred senior notes of €276,174,000 with Deutsche Bank Trust Company Americas at 9.50% per annum maturing March 15, 2029.

Instrument
senior notes
Principal
€276,174,000
Counterparty
Deutsche Bank Trust Company Americas
Rate
9.50% per annum
Maturity
March 15, 2029
Event
incurrence
Exact text from the filing
On February 12, 2024, the Issuer issued €276,174,000 aggregate principal amount of New Notes, which are governed by the New Notes Indenture, dated as of February 12, 2024, by and among the Issuer, the Guarantors, and Deutsche Bank Trust Company Americas, as trustee, collateral agent, paying agent, transfer agent and registrar thereunder. The New Notes are the senior secured obligations of the Issuer and the Guarantors, bearing interest at a rate of 9.50% per annum, and will mature on March 15, 2029.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

KRONOS WORLDWIDE INC entered into New Notes Indenture with Deutsche Bank Trust Company Americas valued at €276,174,000 aggregate principal amount (effective 2024-02-12).

Action
entry
Agreement
notes offering
Counterparty
Deutsche Bank Trust Company Americas
Value
€276,174,000 aggregate principal amount
Effective
2024-02-12
Exact text from the filing
on February 12, 2024, the Issuer issued €276,174,000 aggregate principal amount of New Notes, which are governed by the New Notes Indenture, dated as of February 12, 2024, by and among the Issuer, the Guarantors, and Deutsche Bank Trust Company Americas, as trustee, collateral agent, paying agent, transfer agent and registrar thereunder.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

KRONOS WORLDWIDE INC amended Supplemental Indenture with Deutsche Bank Trust Company Americas (effective 2024-02-12).

Action
amendment
Agreement
notes offering
Counterparty
Deutsche Bank Trust Company Americas
Effective
2024-02-12
Exact text from the filing
the Issuer executed Supplemental Indenture No. 1 (the “Supplemental Indenture”) to the Existing Indenture, dated as of February 12, 2024, by and among the Issuer, the Guarantors (as defined below), and Deutsche Bank Trust Company Americas, as trustee, collateral agent, paying agent, transfer agent and registrar thereunder, which amends the Existing Indenture
View on SEC.gov

299 debt financings filed in the last 30 days. Browse all debt financings →

KRONOS WORLDWIDE INC filing history →

Source: SEC EDGAR
accession 0001257640-24-000009
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