Kronos Worldwide Enters Material Agreement, Incurs Financial Obligation

TL;DR

Kronos Worldwide just signed a big deal that means they owe money.

AI Summary

On September 15, 2025, Kronos Worldwide, Inc. filed an 8-K report detailing a material definitive agreement and the creation of a direct financial obligation. The filing indicates the company entered into a significant agreement that will result in a financial obligation for the registrant.

Why It Matters

This filing signals a new financial commitment or partnership for Kronos Worldwide, Inc., which could impact its future financial performance and operational strategy.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and incurring financial obligations can introduce financial risks and operational changes that may affect the company's stability.

Key Players & Entities

• KRONOS WORLDWIDE INC (company) — Registrant
• September 15, 2025 (date) — Date of Report

FAQ

Key Financial Figures

• $90.4 million — proximately 77.3 million (approximately $90.4 million at current exchange rates), after fees

Filing Documents

• kro-20250915x8k.htm (8-K) — 51KB
• kro-20250915xex10d1.htm (EX-10.1) — 31KB
• kro-20250915xex10d2.htm (EX-10.2) — 22KB
• 0001257640-25-000034.txt ( ) — 256KB
• kro-20250915.xsd (EX-101.SCH) — 28KB
• kro-20250915x8k_htm.xml (XML) — 5KB

01 Entry into a Material Definitive Agreement

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 Exist

03

Item 2.03 Creation of Direct Financial Obligation or an Obligation under and Off-Balance Sheet Arrangement of a Registrant. The disclosure set forth in Item 1.01 above is incorporated by reference into this Item 2.03.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits 10.1 Third Supplemental Indenture dated as of September 15, 2025, by and among Kronos International, Inc., the guarantors named therein, and Deutsche Bank Trust Company Americas, as trustee, collateral agent, paying agent, transfer agent and registrar. 10.2 Additional Notes Priority Joinder Agreement dated September 15, 2025, executed by Deutsche Bank Trust Company Americas, as trustee and collateral agent. 104 Cover Page Interactive Data File (embedded within Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. KRONOS WORLDWIDE, INC. (Registrant) Date: September 15, 2025 By: /s/ Bradley E. Troutman Bradley E. Troutman, Senior Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR