Company: KRO
Filing Date: 2025-09-15
Form Type: 8-K
Source: 0001257640-25-000034
Chunk: 0

Company: KRONOS WORLDWIDE INC
Filing Date: 2025-09-15
Form: 8-K
Item: Item 1.01
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Item 1.01

Entry into a Material Definitive Agreement.

Private Placement of Additional Notes

On September 15, 2025, Kronos International, Inc. (the “ Issuer”), a wholly owned subsidiary of Kronos Worldwide, Inc. (the “ Company”), completed the institutional private placement of €75 million in aggregate principal amount of 9.50% senior secured notes due 2029 (the “ New Notes”). The New Notes were issued as additional notes to the existing €351,174,000 aggregate principal amount of 9.50% senior secured notes due 2029 that the Issuer issued on February 12, 2024 and July 30, 2024 (the “ Existing Notes”). The New Notes were issued pursuant to a third supplemental indenture dated September 15, 2025 (the “ Third Supplemental Indenture”) to that certain indenture dated as of February 12, 2024, by and among the Issuer, the Company, the subsidiary guarantors and Deutsche Bank Trust Company Americas, as trustee, collateral agent, paying agent, transfer agent and registrar (the “ Base Indenture”), as previously supplemented by the first supplemental indenture dated as of July 30, 2024 (the “ First Supplemental Indenture”), and the second supplemental indenture dated as of August 8, 2024 (the “ Second Supplemental Indenture” and, together with the Base Indenture, the First Supplemental Indenture and the Third Supplemental Indenture, the “ Indenture”). The New Notes were sold to persons reasonably believed to be qualified institutional buyers within the United States in reliance on Rule 144A under the Securities Act or outside the United States to non-U. S. persons in accordance with Regulation S under the Securities Act.

The transaction resulted in net proceeds to the Company of approximately €77.3 million (approximately $90.4 million at current exchange rates), after fees and expenses, which were used to pay amounts due under the Company’s 3.75% Senior Secured Notes due September 15, 2025 at maturity. The Company will use any remaining proceeds for general corporate purposes.

The Existing Notes and the New Notes (collectively, the “ Notes”) constitute one series under the Indenture. The New Notes are identical in all respects to the Existing Notes, except that the New Notes were issued on September 15, 2025, at a price of 105