Kronos Worldwide announces private offering of additional €75M 9.50% Senior Secured Notes due 2029

KRONOS WORLDWIDE INC

Offering of €75M aggregate principal amount as add-on to existing €351M 9.50% notes; same terms except issue date and price.
Proceeds to repay 3.75% Senior Secured Notes maturing Sept 15, 2025 or revolver draw; remainder for general corporate purposes.
Business update: weaker demand, lower operating rates; expects full-year 2025 operating results below 2024.
Revolver increased to $350M in July 2025; focus on inventory reduction and cost initiatives to improve cash flows.
Sees favorable impact from anti-dumping duties on Chinese TiO2, expects improved pricing and demand in 2026+.

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