04:49 AM EDT, 07/23/2024 (MT Newswires) -- Kronos Worldwide ( KRO ) said Tuesday it is seeking to raise debt capital through a private offering of 75 million euros ($81.5 million) of additional 9.5% senior secured notes due 2029 through its Kronos International subsidiary.

The notes are being offered in addition to the existing about 276.2 million euros of 9.5% senior secured notes due 2029 that Kronos International issued on Feb. 12.

The company said it plans to use the proceeds to repay a portion of its global revolving credit facility with Wells Fargo, on which it drew in connection with its recent acquisition of the remaining equity interest of Louisiana Pigment Company.

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