Tronox Announces Proposed Offering of Senior Notes

9/12/17

Tronox Limited (NYSE: TROX) and Tronox Finance plc* announced that the Issuer intends to offer, subject to market and other considerations, senior notes due 2025  through an offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act. The Company intends to use the net proceeds from the offering, together with borrowings under the Company's proposed new credit facilities to fund the redemption of the $900 million aggregate principal amount of 6.375% senior notes due 2020 issued by Tronox Finance LLC.

The issuance of the Notes is part of the Company's overall capital allocation strategy. The issuance of the Notes, together with the Company's proposed new senior secured first lien term loan facility and proposed new global senior secured asset-based syndicated revolving credit facility, will reduce the Company's overall cost of debt, increase the Company's overall liquidity and extend the Company's debt maturity profile.

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.

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