Kronos International issues €75M 9.5% notes due 2029; proceeds repay revolver for LPC buy

KRONOS WORLDWIDE INC

€75M aggregate principal of 9.50% senior secured notes due 2029 issued as additional to €276.174M existing notes.
Net proceeds ~€83M (~$90M) used to repay portion of global revolving credit facility drawn for LPC acquisition.
Notes issued at 107.5% of principal plus accrued interest from Feb 12, 2024; interest 9.50% semi-annual.
Notes mature March 15, 2029; redeemable at option with make-whole premium before March 15, 2026.
LPC and Kronos LPC, LLC to become guarantors after LPC acquisition closes, subject to credit facility terms.

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