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Kronos completes new $350mn senior secured term loan
19 Feb '14
1 min read
Kronos Worldwide, Inc. announced it has completed a new $350 million senior secured term loan B.
The Company used $170 million of the net proceeds of the new term loan to prepay the outstanding principal balance of the Company's note payable to Contran Corporation (along with accrued and unpaid interest through the prepayment date), and such note payable was cancelled.
The remaining net proceeds of the $350 million term loan will be used for general corporate purposes.
Kronos Worldwide, Inc. is a major international producer of titanium dioxide products.
Kronos
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