Kronos Worldwide, Inc. Prices Private Offering of an Additional €75 Million of 9.50% Senior Secured Notes Due 2029

Core Viewpoint - Kronos Worldwide, Inc. announced the sale of €75 million in additional 9.50% Senior Secured Notes due 2029 through an institutional private placement, which will be issued as additional notes to existing notes previously issued [1][3] Group 1: Notes Issuance - The additional notes will have the same terms as the existing notes, except for the issuance date and price [1] - The notes were oversubscribed and priced at a premium of 105%, with expected proceeds of approximately €78.8 million (around $91.9 million) before fees and expenses [3] - The closing of this offering is anticipated to occur on or about September 15, 2025, subject to customary closing conditions [3] Group 2: Use of Proceeds - The company intends to use the proceeds to pay amounts due under its 3.75% Senior Secured Notes maturing on September 15, 2025, or to repay any amounts drawn under its global revolving credit facility with Wells Fargo [3] - Any remaining net proceeds will be allocated for general corporate purposes [3] Group 3: Company Overview - Kronos Worldwide, Inc. is a leading global producer and marketer of titanium dioxide pigments, serving approximately 3,000 customers in 100 countries, primarily in Europe, North America, and the Asia Pacific region [6] - The company has developed considerable expertise in the manufacture, sale, shipment, and service of its products in both domestic and international markets [6]