Risk Factors Update Summary
- Increased competition from Chinese TiO2 producers with sulfate and chloride process technology may impact market share.
- Operating costs, including energy costs, have risen, affecting margins and profitability.
- Commitment to pay approximately $543 million in 2024 may impact liquidity and financial condition.
- Renewal uncertainty of TiO2 feedstock contracts, with minimum purchase commitments totaling $583 million beginning in 2024.
- Interest on the Global Revolver accrues at variable rates, potentially increasing costs.
- Total consolidated debt increased to approximately $441 million by the end of 2023.
- Challenges in generating cash flows to meet debt obligations and financial covenants pose risks.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1257640&owner=exclude
This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.