Kronos Worldwide completes new US$350M senior secured term loan B; US$170M of net proceeds will be used to prepay outstanding principal balance of company's note payable to Contran, remaining net proceeds will be used for general corporate purposes

DALLAS , February 19, 2014 (press release) – Kronos Worldwide, Inc. (KRO) today 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.

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