KRONOS WORLDWIDE INC (KRO): debt financing — Kronos issues €75M add-on 9.5% secured notes due 2029 to refinance maturing debt

KRONOS WORLDWIDE INC

Issued €75M in additional 9.5% senior secured notes due 2029, added to existing €351.2M.
Net proceeds of ~€77.3M (~$90.4M) used to repay 3.75% Senior Secured Notes due Sept 15, 2025.
New notes mature March 15, 2029; interest at 9.5% p.a. payable semi-annually.
Issued at 105% of principal; identical to existing Notes, consolidated as single series.
Notes are secured by pledges of domestic subsidiary stock and 65% of foreign sub voting stock.

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 €75 million with Deutsche Bank Trust Company Americas at 9.50% per annum maturing March 15, 2029.

Instrument: senior notes
Principal: €75 million
Counterparty: Deutsche Bank Trust Company Americas
Rate: 9.50% per annum
Maturity: March 15, 2029
Event: incurrence

Exact text from the filing

completed the institutional private placement of €75 million in aggregate principal amount of 9.50% senior secured notes due 2029

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Source: SEC EDGAR

accession 0001257640-25-000034

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