Tronox Worldwide misses Dec. 1 interest payment on 9½% senior notes

By Caroline Salls

Pittsburgh, Dec. 2 - Tronox Inc. wholly owned subsidiary Tronox Worldwide LLC did not make the interest payment due Dec. 1 on its $350 million of 9½% senior notes due 2012, according to an 8-K filed with the Securities and Exchange Commission.

The company has 30 days to make the payment before the non-payment triggers an event of default under the notes indenture.

As previously reported, Tronox is evaluating all strategic options, including mitigation of environmental liabilities and capital restructuring.

Tronox is an Oklahoma City-based producer and marketer of titanium dioxide pigment.

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