STAMFORD, Conn., Sept. 25, 2017 /PRNewswire/ -- Tronox
Limited (NYSE: TROX; the "Company") announced today that it
redeemed the remaining outstanding balance of the $900 million aggregate principal amount of 6.375
percent senior notes due 2020 issued by its wholly owned
subsidiary, Tronox Finance LLC (the "2020 Notes"). The 2020 Notes
were issued in a private placement offering. The optional
redemption occurred in accordance with the provisions of the
Indenture, dated as of August 20, 2012, between Tronox Finance
LLC, the Company, the other guarantors named therein and Wilmington
Trust, National Association, as trustee, as supplemented from time
to time. The total cash payment to redeem the 2020 Notes was
approximately $917.1 million
including a make-whole payment and accrued interest.
About Tronox
Tronox Limited is a vertically integrated mining and
inorganic chemical business. The Company mines and processes
titanium ore, zircon and other minerals, and manufactures titanium
dioxide pigments that add brightness and durability to paints,
plastics, paper, and other everyday products.
Additional Information and Where to Find It
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, or a solicitation
of any vote or approval. In connection with the Transaction
Agreement (the "Cristal Transaction Agreement"), by and between
Tronox, The National Titanium Dioxide Company ("Cristal") and
Cristal Inorganic Chemicals Netherlands Coöperatief W.A. (the
"Cristal Transaction"), the Company has filed, and intends to file,
relevant materials with the U.S. Securities and Exchange Commission
("SEC"). The Company filed a definitive proxy statement regarding
the Cristal Transaction with the SEC on August 31, 2017. Investors and Securityholders
are urged to read the proxy statement (including all amendments and
supplements thereto) and all other relevant documents regarding the
proposed Cristal Transaction filed with the SEC or sent to
shareholders as they become available as they will contain
important information about the Cristal Transaction. You may obtain
a free copy of the proxy statement and other relevant documents
filed by the Company with the SEC at the SEC's website at
www.sec.gov. Copies of documents filed by the Company with the SEC
will be available free of charge on the Company's website at
www.tronox.com or by contacting the Company's Investor Relations at
+1.203.705.3722.
Certain Information Regarding Participants
The Company, Cristal and their respective directors and
executive officers may be deemed to be participants in the
solicitation of proxies in respect of the Cristal Transaction. You
can find information about the Company's directors and executive
officers in the Company's definitive annual proxy statement filed
with the SEC on March 16, 2017.
Additional information regarding the interests of such potential
participants is included in the definitive proxy statement
regarding the Cristal Transaction filed with the SEC on
August 31, 2017, and will be included
in other relevant documents filed with the SEC.
Forward Looking Statements
Statements in this release that are not historical are
forward-looking statements within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking
statements, which are subject to known and unknown risks,
uncertainties and assumptions about us, may include projections of
our future financial performance based on our growth strategies and
anticipated trends in our business. These statements are only
predictions based on our current expectations and projections about
future events. There are important factors that could cause our
actual results, level of activity, performance or achievements to
differ materially from the results, level of activity, performance
or achievements expressed or implied by the forward-looking
statements. These and other risk factors are discussed in the
Company's filings with the SEC, including those under the heading
entitled "Risk Factors" in our Annual Report on Form 10-K for the
year ended December 31, 2016 and our
Quarterly Report on Form 10-Q for the period ended June 30, 2017.
Significant risks and uncertainties may relate to, but are not
limited to, the risk that the Cristal Transaction does not close
due to failure of a closing condition or termination of the Cristal
Transaction Agreement in accordance with its terms, causing the
Company to seek alternative financing for the Cristal Transaction;
the risk that the Cristal Transaction will not close, including by
failure to obtain shareholder approval, failure to obtain any
necessary financing or the failure to satisfy other closing
conditions under the Cristal Transaction Agreement or by the
termination of the Cristal Transaction Agreement; failure to plan
and manage the Cristal Transaction effectively and efficiently; the
risk that a regulatory approval that may be required for the
Cristal Transaction is delayed, is not obtained or is obtained
subject to conditions that are not anticipated; the risk that
expected synergies will not be realized or will not be realized
within the expected time period; unanticipated increases in
financing and other costs, including a rise in interest rates;
reduced access to unrestricted cash; compliance with our bank
facility covenants; the price of our shares; general market
conditions; our customers potentially reducing their demand for our
products; more competitive pricing from our competitors or
increased supply from our competitors; operating efficiencies and
other benefits expected from the Cristal Transaction.
Media Contact: Bud Grebey
Direct: 203.705.3721
Investor Contact: Brennen
Arndt
Direct: 203.705.3722
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SOURCE Tronox Limited