04:02 AM EDT, 07/24/2024 (MT Newswires) -- Kronos Worldwide ( KRO ) said late Tuesday it priced a private offering of 75 million euros ($81.4 million) of 9.5% senior secured notes due 2029 at 107.5% of par value for expected gross proceeds of about 80.6 million euros.

The notes will be in addition to the 276.2 million euros of 9.5% senior secured notes due 2029 issued back in February.

Net proceeds will be used to repay borrowings under the company's revolving credit facility with Wells Fargo ( WFC ) , the company said.

The offering is expected to close on or about July 30, subject to customary closing conditions.

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