---
schema_version: "secwatch.filing_event.v1"
accession: "0001257640-24-000009"
form_type: "8-K"
ticker: "KRO"
cik: "0001257640"
company_name: "KRONOS WORLDWIDE INC"
filed_at: "2024-02-12T23:59:59+00:00"
generated_at: "2026-06-06T04:10:07.964624+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Kronos Worldwide exchanges €325M of 3.75% notes for 9.50% notes, borrows $53.7M from Contran at 11.5%

## Summary
- €325M of 3.75% notes due 2025 exchanged for €276.2M of 9.50% notes due 2029 plus €48.8M cash; €75M old notes remain.
- New notes mature March 15, 2029, senior secured, guaranteed by Kronos Worldwide and domestic subsidiaries.
- Contran Corporation lent $53.7M at 11.50%; unsecured, subordinated, due Sept 2029 or on demand.

## SEC filing metadata
- accession: 0001257640-24-000009
- form_type: 8-K
- ticker: KRO
- cik: 0001257640
- company_name: KRONOS WORLDWIDE INC
- filed_at: 2024-02-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1257640/000125764024000009/0001257640-24-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1257640/000125764024000009/kro-20240212x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001257640-24-000009
- JSON: https://secwatch.observer/filing/0001257640-24-000009.json
- Plain text: https://secwatch.observer/filing/0001257640-24-000009.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1257640/000125764024000009/0001257640-24-000009-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1257640/000125764024000009/0001257640-24-000009-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1257640/000125764024000009/0001257640-24-000009-index.htm

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