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Tronox Plans to Raise $615 Million through Senior Notes

Tronox Plans to Raise $615 Million through Senior Notes

On March 27, 2018, Tronox (TROX) announced that it completed the pricing of $615 million in senior notes with a coupon rate of 6.5%. The offer is targeted mainly for qualified institutional buyers. The proceeds from the offer will be used to redeem the outstanding principal amount of ~$584 million with a coupon rate 7.5%.