Tronox Announces Increase and Pricing of $ 1,075 Million Aggregate Principal Amount of 4.625 Percent Senior Notes


STAMFORD, Connecticut., March 1, 2021 / PRNewswire / – Tronox Holdings plc (NYSE: TROX; the “Company”) today announced that Tronox Incorporated (the “Issuer”), a wholly owned subsidiary of the Company, has priced its offering enlarged by $ 1,075 million aggregate principal of 4.625% of the Senior Notes due 2029 (the “Notes”). The offer was made to persons reasonably suspected of being qualified institutional buyers in accordance with Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”), and outside United States to non-US persons in accordance with Regulation S of the Securities Act. The offer is expected to close on or around March 15, 2021, subject to customary closing conditions.

The Company expects to use the net proceeds of this offering, as well as the available cash, to finance the full repayment of the Issuer’s outstanding debt. $ 615 million total principal amount of 6.500 percent of senior bonds due 2026 and full repayment of the outstanding amount of Tronox Finance plc $ 450 million overall capital of 5.750% senior bonds maturing in 2025.

The Notes will not be registered under the Securities Act or any state securities law and, unless so registered, may not be offered or sold in any form. United States except as an exemption from the registration requirements of the Securities Act and applicable state securities laws.

This announcement is neither an offer to sell nor a solicitation of an offer to buy the Securities, and there will be no offer, solicitation or sale of the Securities in any jurisdiction in which such an offer, solicitation or sale would be. unlawful prior to registration or qualification under the securities laws of such jurisdiction.

About Tronox
Tronox Holdings plc is one of the world’s leading producers of high quality titanium products, including titanium dioxide pigments, specialty grade titanium dioxide products, and high grade titanium chemicals. purity; and zirconia. We mine mineral sands containing titanium and operate upgrader facilities that produce high quality titanium feedstocks, pig iron and other minerals. With nearly 7,000 employees on six continents, our rich diversity, unmatched vertical integration model, and unmatched operational and technical expertise across the value chain, position Tronox as the world’s leading producer of titanium dioxide. .

Forward-looking statements
The statements contained in this press release that are not historical are forward-looking statements within the meaning of the United States 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, including the effects of the COVID-19 pandemic and expected synergies based on our growth and other strategies, the planned completion of extensions and upgrades to our operation mining and our operations, and expected trends in our business. These statements are only predictions based on our current expectations and projections regarding future events. There are significant factors that could cause our actual results, level of activity, performance, actual synergies or achievements to differ materially from results, level of activity, performance, anticipated synergies or outcomes. achievements expressed or implied by forward-looking statements. Significant risks and uncertainties may be associated with, but are not limited to, business and market disruptions related to the COVID-19 pandemic, market conditions, and price volatility for titanium dioxide, zircon and carbon. ‘other raw materials, as well as global and regional economic downturns, including due to the COVID-19 pandemic, which are negatively affecting the demand for our end-use products; production disruptions at our mining and manufacturing facilities; and other financial, economic, competitive, environmental, political, legal and regulatory factors. These and other risk factors are discussed in documents filed by the company with the Securities and Exchange Commission.

In addition, we operate in a very competitive and rapidly changing environment. New risks and uncertainties arise from time to time, and it is not possible for our management to predict all risks and uncertainties, nor can management assess the impact of all factors on our business or the economy. The extent to which any factor, or a combination of factors, could cause actual results to differ materially from those contained in forward-looking statements. While we believe that the expectations reflected in forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, synergies or achievements. Neither we nor any other person assumes responsibility for the accuracy or completeness of these forward-looking statements. You should not rely on forward-looking statements as predictions of future events. Unless applicable laws otherwise require, we assume no obligation to update or revise forward-looking statements, whether as a result of new information or future developments.

Media contact: Melissa Zona
Direct: +1 636.751.4057

Investor contact: Jennifer guenther
Direct: +1.646.960.6598

SOURCE Tronox Holdings plc

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