Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant
Effective September 15, 2009, certain indirect operating subsidiaries of Kronos
International, Inc. ("KII"), namely Kronos Titan GmbH, Kronos Europe S.A./N.V.,
Kronos Titan AS, Titania AS, Kronos Norge AS, and Kronos Denmark ApS entered
into a Fourth Amendment Agreement Relating to a Facility Agreement dated June
25, 2002 (the "Amendment") with Deutsche Bank AG, as mandated lead arranger,
Deutsche Bank Luxembourg S.A., as agent for the finance parties and security
agent for the secured parties, and the lenders participating in the amended
revolving credit facility. KII is a wholly owned subsidiary of Kronos Worldwide,
Inc. ("Kronos Worldwide"). The registrant directly owns 36.0% of the outstanding
shares of common stock, par value $0.01 per share, of Kronos Worldwide, and
accounts for its investment in Kronos Worldwide by the equity method of
accounting. The description of the Amendment set forth under Items 1.01 and 2.03
of the Current Report on Form 8-K that KII filed with the U.S. Securities and
Exchange Commission on September 17, 2009 is incorporated herein by reference.
