Kronos Acquisition’s Bonds Fall to Fresh Record Lows

Kronos Acquisition bonds plunged to fresh record lows Wednesday, extending November’s slide for the securities.

• The maker of personal-care products’ 8.25% note due 2031 fell 6.75 cents to 64.5 cents on the dollar as of 10:35am in New York, according to Trace data
• Its 10.75% bond due 2032 dropped 7.47 cents to 42.7 cents
• NOTE: S&P downgraded Kronos Acquisition in September to CCC, citing weak operating performance and substantial one-time cash costs related to a 2024 warehouse fire

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