Kronos International to redeem 8 7/8% notes due 2009

By Jennifer Chiou

New York, April 3 - Kronos Worldwide, Inc. said its wholly owned subsidiary, Kronos International, Inc., intends to redeem its 8 7/8% senior secured notes due 2009 using the proceeds of a notes offering.

The company is planning a €400 million private placement of senior secured notes due 2013.

Kronos said it expects to use $470 million of the about $480 million in proceeds for the redemption.

Based in Dallas, Kronos produces titanium dioxide pigments.

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