Orders Include Authority to Obtain
- Company Can Continue Paying Employee Wages and Benefits
- Operations Continue Without Interruption
"I am pleased to report that the relief granted by the Court provides Tronox with ample liquidity to continue normal operations as we execute our business restructuring and address the company's debt structure, in particular its legacy liabilities," said
Tronox and certain of its subsidiaries on
The interim Debtor In Possession Financing Order grants Tronox interim authority to use up to
Additional information on Tronox's Chapter 11 reorganization is available on the company's website, www.tronox.com. Interested parties can also obtain information by calling the company's Restructuring Hotline at 1-866-775-5009 (toll-free within the U.S. and
Forward-Looking Statements: Some information in this news release regarding the company's or management's intentions, beliefs or expectations, or that otherwise speak to future events, are "forward-looking statements" within the meaning of Section 27A of the Securities Exchange Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include those statements preceded by, followed by or that otherwise include the words "believes," "will," "expects," "anticipates," "intends," "estimates," "projects," "target," "budget," "goal," "plans," "objective," "outlook," "should," or similar words. Future results and developments discussed in these statements may be affected by numerous factors and risks, such as the accuracy of the assumptions that underlie the statements, the market value of Tronox's products, demand for consumer products for which Tronox's businesses supply raw materials, the market for raw materials that Tronox uses to produce TiO2, its inability to predict the prices of such raw materials, the financial resources of competitors, the market for debt and/or equity financing, changes in laws and regulations, the ability to respond to challenges in international markets, changes in currency exchange rates, political or economic conditions in areas where Tronox operates, trade and regulatory matters, general economic conditions, and other factors and risks identified in the Risk Factors Section of Tronox's Annual Report on Form 10-K for the year ended
Investor and Media Contact: Robert Gibney 1-405-775-5105
SOURCE Tronox Incorporated