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Tronox prices US$615M senior notes offering

Tronox Ltd. on March 27 priced an offering of US$615 million aggregate principal amount of 6.50% senior notes due 2026.

The proceeds will be used to redeem about US$584 million of 7.50% senior notes due 2022. The notes will be fully and unconditionally guaranteed on a senior, unsecured basis by the company and its subsidiaries, and will bear semi-annual interest.

The offering is expected to close by April 6.