Tronox Prices $900 Million Debt Offering

Loading...
Loading...
Tronox Limited
TROX
announced today that it has priced the offering of $900 million aggregate principal amount of 6.375% Senior Notes due 2020 of its subsidiary, Tronox Finance LLC. The offering was made to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act. The closing of the offering is anticipated to take place on or about August 20, 2012, subject to customary closing conditions. The notes will bear interest semiannually at a rate equal to 6.375% and were offered at par value. The notes will be fully and unconditionally guaranteed on a senior, unsecured basis by Tronox Limited and certain of its subsidiaries.
Market News and Data brought to you by Benzinga APIs
Posted In: NewsOfferingsPress Releases
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...