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Tronox Closes Debt Issue

1:01 PM MDT | August 21, 2012 | Vincent Valk

Tronox has closed an issuance of $900 million in senior debt due 2020, the company says. The debt will carry an interest rate of 6.375%, compounded semiannually. Tronox expects to use $400 million of the proceeds for share buybacks, and the rest for general corporate...

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