Form 8-K KRONOS WORLDWIDE INC For: Jan 23
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Kronos Worldwide (KRO) Issues Business Update and Guidance
January 23, 2024 6:36 AM ESTOn January 23, 2024, Kronos Worldwide (NYSE: KRO) announced the launch of an offer (the Exchange Offer) to eligible holders of the 3.75% Senior Secured Notes due 2025 (the Old Notes) issued by Kronos International, Inc. (the Issuer), a wholly-owned subsidiary of the Company, to exchange a portion of their Old Notes for a combination of (a) newly issued 9.50% Senior Secured Notes due 2029 (the New Notes) to be issued by the Issuer, and (b) cash. The Old Notes are, and the New Notes will be, guaranteed by the Company and its wholly-owned domestic subsidiaries other than the Issuer. The Issuers... More
