Tronox Incorporated, a wholly owned subsidiary of Tronox Holdings plc, has priced an offering of $400 million aggregate principal amount of 9.125% Senior Secured Notes due 2030. The offering was made to qualified institutional buyers and certain persons in offshore transactions.
The notes were offered at par and will bear interest semi-annually at a rate of 9.125%. The closing of the offering is anticipated to occur on or about September 26, 2025, subject to customary closing conditions.
The net proceeds from this offering are expected to be used to repay existing borrowings under certain of the company's revolving credit facilities and to cover fees and expenses related to the offering. Any remaining excess proceeds will be allocated for other general corporate purposes, impacting the company's overall liquidity and debt management.
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