07/23/2024 Kronos International Inc (KRO) EUR75m 144A/Reg S add-on to its 9.50% sr sec 1st lien notes due 03/15/29 (4.75y). NC1.75 (03/15/26) (MWC B+50bp), then at 104.75, 102.375, 100. Equity claw: 2.75y 40% at 109.50. B2/B+/BB+ (negative/stable/stable). Via DB sole. No reg rights. CoC at 101. Pays March 15 and Sept 15, starting 09/15/24 (w/AI from 02/12/24). Via DB sole. No reg rights. List ISE. NY law. Settles 07/30 (T+5). Permanent Reg S ISIN: XS27635216443. Immediately 144A fungible (Reg S after 40 days) with the EUR276.175m 9.50% notes, which were issued on 02/12/24, as part of an exchange offer for its 3.75% sr sec notes due 2025. Price talk: 107.00-107.50. Priced: 9.50% add-on at 107.50, yield 7.695%. +535bp vs DBR 0.25% 02/15/29. Did investor call at 11:30am 07/23. Books closed at 3pm UKT 07/23. UOP: repay $85m (EUR78m) of the $132.4m drawn on its revolver drawn to partially fund the acquisition of the remaining 50% interest in the Louisiana Pigment Company joint venture from Venator for $185m (paid with $36m cash on hand and the $132m draw on its revolver) (acquisition closed 07/16/24). Lisa K. Simmons and the related Family Trust indirectly controls KRO via Contran Corp, which controls KRO's significant shareholders Valhi Inc (50%) and NL Industries Inc (31%). Biz: a leading global producer and marketer of value-added titanium dioxide pigments (TiO2). HQ: Dallas, TX. Netroadshow: https://www.netroadshow.com/ev...;confId=68822.