A Locke Lord team led by Vicky Gunning (Dallas), Gene McDermott (Providence) and Susan Fisher (Dallas) represented Kronos Worldwide, Inc. (NYSE: KRO, an affiliate of Contran Corporation) in a private offering of €400 million in aggregate principal amount of senior secured notes due 2025 at an interest rate of 3.75% per annum. The notes, which closed Sept. 13, were sold to qualified institutional investors in the United States and Europe and will be listed on The International Stock Exchange in the Channel Islands. For more information, please see the Kronos press release. Additional assistance was provided by Chris Flanagan, Karl Fryzel and John Whitlock (all of Boston), Paul Nason, Elizabeth Mack, Charles Phipps, Stefan Smith, Kelly Vickers and Kimberly Williams (all of Dallas), Berne Kluber, Emily Hejl and Burke Wendt (all of Houston), James Channo (London) and Barry Bendes (New York).
Posted September 27, 2017