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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>UNITED STATES</B>&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>SECURITIES AND
EXCHANGE COMMISSION</B></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-size: 12pt"><B>Washington,
D.C. 20549</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 6pt 0pt; text-align: center; background-color: white"><FONT STYLE="font-size: 18pt"><B>FORM
8-K</B>&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-size: 14pt"><B>CURRENT
REPORT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>Pursuant to
Section&nbsp;13 or 15(d) of the&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>Securities Exchange
Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>Date of Report
(Date of earliest event reported): April 7, 2015 (April 1, 2015)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

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<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 6pt 0pt 0pt; text-align: center; background-color: white"><B>TRONOX LIMITED</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>(Exact name
of registrant as specified in its charter)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

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    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 32%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 32%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>Western Australia, Australia</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>1-35573</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>98-1026700</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 8pt"><B>(State
                                    or other jurisdiction&nbsp;</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 8pt"><B>of
        incorporation)</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></P></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="vertical-align: top"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 8pt"><B>(Commission&nbsp;</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 8pt"><B>File
        Number)</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></P></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="vertical-align: top"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 8pt"><B>(IRS
                                    Employer&nbsp;</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 8pt"><B>Identification
        No.)</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>One Stamford
Plaza&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>263 Tresser
Boulevard, Suite 1100</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;<B>Stamford,
Connecticut 06901</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt"><B>(Address
of principal executive offices, including Zip Code)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>(203) 705-3800</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt"><B>&nbsp;(Registrant&rsquo;s
telephone number, including area code)</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>n/a</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt"><B>(Former
name or former address, if changed since last report)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">Check the appropriate box below if
the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

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    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
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<TR STYLE="vertical-align: top">
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
</TABLE>
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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Wingdings">&#168;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
</TABLE>
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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Wingdings">&#168;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR>
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    <TD STYLE="width: 11%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Item&nbsp;1.01.</B></FONT></TD>
    <TD STYLE="width: 89%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Entry Into a Material Definitive Agreement</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Senior Notes due 2022</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On March 19, 2015, Evolution Escrow Issuer LLC
(&ldquo;SPV&rdquo;), a special purpose limited liability company organized under the laws of Delaware closed an offering of
$600,000,000 aggregate principal amount of its 7.50% Senior Notes due 2022 (the &ldquo;Notes&rdquo;). SPV was initially a
wholly owned subsidiary of Stichting Evolution Escrow, a Dutch foundation that is not an affiliate of Tronox Limited, an
Australian public limited company incorporated in the Commonwealth of Australia (the &ldquo;Company&rdquo;). The Notes were
offered and sold by SPV in reliance on an exemption pursuant to Rule 144A and Regulation S under the Securities Act of 1933,
as amended (the &ldquo;Securities Act&rdquo;). The Notes have not been registered under the Securities Act and may not be
offered or sold in the United States absent registration or an applicable exemption from registration requirements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Notes were issued under&nbsp;an Indenture, dated as of March
19, 2015 (the &ldquo;Indenture&rdquo;), between SPV and Wilmington Trust, National Association (the &ldquo;Trustee&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On April 1, 2015, the Company closed  its
previously announced acquisition of the Alkali Chemicals  business of FMC Corporation (the &ldquo;Transaction&rdquo;). In
connection with the closing of the Transaction, SPV merged with and into Tronox Finance LLC, a subsidiary of the Company
(&ldquo;Tronox Finance&rdquo;), Tronox Finance assumed the obligations of SPV under the Indenture and the Notes by operation
of law (the &ldquo;Assumption&rdquo;), and the proceeds from the offering of the Notes were released to the Company.&nbsp; In
connection with the Assumption, the Company and certain of the Company&rsquo;s subsidiaries entered into a supplemental
indenture (the &ldquo;First Supplemental Indenture&rdquo;), by and among the Company, Tronox Finance, the guarantors party
thereto, and the Trustee, pursuant to which the Company and such subsidiaries became guarantors of the Notes under the
Indenture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Indenture and the Notes provide, among other things, that
the Notes are senior unsecured obligations of Tronox Finance. Interest is payable on the Notes on March&nbsp;15 and September&nbsp;15
of each year beginning on September&nbsp;15, 2015 until their maturity date of March 15, 2022. The terms of the Indenture, among
other things, limit, in certain circumstances, the ability of the Company to: incur certain additional indebtedness and issue preferred
stock; make certain dividends, distributions, investments and other restricted payments; sell certain assets; incur liens; agree
to any restrictions on the ability of certain subsidiaries to make payments to the Company; consolidate
or merge with or into, or sell substantially all of the Company&rsquo;s assets to, another person; enter into transactions
with affiliates; and enter into new lines of business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the First Supplemental Indenture, the Notes are
guaranteed, jointly and severally, on a senior unsecured basis, by the Company and all of the subsidiaries of the Company that
guarantee any obligations under the Company&rsquo;s credit facilities on April 1, 2015, including those subsidiaries acquired in
the Transaction. From and after April 1, 2015, if the Company or any of its Restricted Subsidiaries (as defined in the Indenture)
acquires or creates another wholly-owned Subsidiary (as defined in the Indenture) which is not an Excluded Entity (as defined in
the Indenture) that guarantees certain debt of Tronox Finance, the Company or a Guarantor, such newly acquired or created subsidiary
will also guarantee the Notes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Indenture provides for customary events of default which
include (subject in certain cases to customary grace and cure periods), among others: nonpayment of principal or interest; breach
of other agreements in the Indenture; any guarantee of a significant subsidiary ceasing to be in full force and effect; a default
by Tronox Finance, the Company or a Restricted Subsidiary (as defined in the Indenture) under any bonds, debentures, notes or other
evidences of indebtedness of a certain amount, resulting in its acceleration; the rendering of judgments to pay certain amounts
of money against the Company and its significant subsidiaries which remains outstanding for 60 days; and certain events of bankruptcy
or insolvency. Generally, if an event of default occurs and is not cured within the time periods specified, the Trustee or the
holders of at least 25% in principal amount of the then outstanding Notes may declare all the Notes to be due and payable immediately.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">At any time prior to March 15, 2018, Tronox Finance may redeem
some or all of the Notes at a redemption price equal to 100% of the principal amount thereof plus a make-whole premium and accrued
and unpaid interest up to, but excluding, the redemption date. Tronox Finance may also redeem some or all of the Notes on and after
March 15, 2018, at a redemption price of 103.750% of the principal amount thereof if redeemed during the twelve-month period beginning
on March 15, 2018, 101.875% of the principal amount thereof if redeemed during the twelve-month period beginning on March 15, 2019
and 100% of the principal amount thereof if redeemed on or after March 15, 2020, plus any accrued and unpaid interest, up to, but
excluding, the redemption date. In addition, prior to March&nbsp;15, 2018, Tronox Finance may redeem up to 40% of the Notes from
the proceeds of certain equity offerings. If the Company experiences certain changes of control specified in the Indenture, it
must offer to purchase the Notes at a redemption price equal to 101% of the principal amount thereof plus accrued and unpaid interest,
if any, up to, but excluding, the redemption date. In addition, certain asset dispositions of the Company will be triggering events
which may require Tronox Finance to use the proceeds from those asset dispositions to make an offer to purchase the Notes at 100%
of their principal amount, plus accrued and unpaid interest, up to, but excluding, the redemption date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Senior Notes due 2020</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On August 20, 2012, the Company entered into an Indenture (the
&ldquo;2012 Indenture&rdquo;) by and among the Company, Tronox Finance, the guarantors party thereto and the Trustee relating to
the offering by Tronox Finance of its 6.375% Senior Notes due 2020 (the &ldquo;2020 Notes&rdquo;). Under the terms of the 2012
Indenture, the 2020 Notes are guaranteed, jointly and severally, on a senior unsecured basis, by (i) the Company, (ii) all of its
subsidiaries that guaranteed any obligations under its credit facilities on the date the 2020 Notes were issued, and (iii) any
wholly-owned Subsidiary (as defined in the Indenture) which is not an Excluded Subsidiary (as defined in the 2012 Indenture) acquired
or created by the Company or any of its Restricted Subsidiaries (as defined in the 2012 Indenture) after August&nbsp;20, 2012 that
guarantees certain debt of Tronox Finance, the Company or any guarantor party to the 2012 Indenture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In connection with the Transaction, on April 1, 2015 the Company,
Tronox Finance, the guarantors party to the 2012 Indenture, as supplemented, and the entities acquired in the Transaction, entered
into a Fifth Supplemental Indenture to the 2012 Indenture whereby the entities acquired in the Transaction became guarantors under
the 2012 Indenture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><I>Amended and Restated
Credit Agreement</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On Apri1 1, 2015, Tronox
Incorporated and certain of its subsidiaries (&ldquo;Tronox US&rdquo;) and the Company and certain of its subsidiaries (together
with Tronox US, the &ldquo;Tronox Loan Parties&rdquo;) amended and restated its existing asset-based revolving credit facility
(the &ldquo;Existing Credit Agreement&rdquo;) by entering into an amended and restated asset-based revolving syndicated facility
agreement (the &ldquo;A&amp;R Credit Agreement&rdquo;) with a syndicate of lenders and UBS AG, Stamford Branch, as issuing bank,
swingline lender, administrative agent (in such capacity, the &ldquo;Administrative Agent&rdquo;), collateral agent and Australian
security trustee. The A&amp;R Credit Agreement did not materially change any of the terms of the Existing Credit Agreement, except
with respect to, among other things, increasing the commitments thereunder and changing the maturity date, as more fully described
below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The A&amp;R Credit
Agreement provides for up to $500,000,000 of revolving credit loans, with a $85,000,000 sublimit for letters of credit, and permits
borrowings in U.S. Dollars and Euros. The A&amp;R Credit Agreement includes an accordion feature whereby the total credit available
to the borrowers thereunder can be increased by up to $200,000,000, subject to receiving additional lender commitments and the
satisfaction of certain other conditions. Availability of revolving credit loans and letters of credit under the A&amp;R Credit
Agreement are subject to a borrowing base related to certain eligible inventory and accounts receivable owned by certain of the
Tronox Loan Parties. In addition, the A&amp;R Credit Agreement contains customary conditions precedent to each borrowing and issuance
of letters of credit, including absence of defaults, no material adverse change and accuracy of representations and warranties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Subject to certain
customary and other exceptions, the obligations of the borrowers under the A&amp;R Credit Agreement are (a) guaranteed on a joint
and several basis by the Tronox Loan Parties, and (b) secured by (i) a first priority lien on substantially all of the Tronox Loan
Parties&rsquo; existing and future deposit accounts, inventory and receivables and certain related assets, and (ii) a second priority
lien on substantially all of the Tronox Loan Parties&rsquo; other assets, including equipment, equity interests and material real
property.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">There are no scheduled
amortization payments under the A&amp;R Credit Agreement. Borrowings under the A&amp;R Credit Agreement will mature on the earlier
of (a) April 1, 2020 or (b) the date which is three months prior to the maturity date of the Credit and Guaranty Agreement, dated
as of February 8, 2012, by and among certain of the Tronox Loan Parties, Goldman Sachs Bank USA, as the agent and the other parties
thereto (as such date may be extended pursuant to the terms thereof or as a result of any refinancing thereof into one or more
other credit facilities); <I>provided</I>, that, in no event will the maturity be earlier than June 18, 2017.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Under the A&amp;R Credit
Agreement, borrowings in U.S. Dollars bear interest, at Tronox Limited&rsquo;s option, at either a base rate or an adjusted LIBOR
rate and borrowings in Euros bear interest at an adjusted LIBOR rate, in each case plus an applicable margin. The base rate is
defined as the greatest of (a) the Administrative Agent&rsquo;s prime rate, (b) the Federal funds effective rate plus 0.50% and
(c) the adjusted LIBOR rate for a one-month period plus 1.00%. The applicable margin ranges from 0.50% to 1.00% for borrowings
at the base rate and from 1.50% to 2.00% for borrowings at the adjusted LIBOR rate, in each case, based on the average daily borrowing
availability. The borrowers under the A&amp;R Credit Agreement must pay a commitment fee on the daily unused amount of the commitments
ranging from 0.25% to 0.375%, depending on usage of the total revolving credit commitments. The borrowers must also pay customary
letter of credit and agency fees. In addition, the A&amp;R Credit Agreement requires the borrowers to pay certain customary fees,
costs and expenses of the Administrative Agent and the lenders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The A&amp;R Credit
Agreement contains various negative covenants that, subject to agreed upon exceptions, limit the Tronox Loan Parties&rsquo; and
certain of their respective subsidiaries to (among other restrictions): incur indebtedness; grant liens; pay dividends and make
subsidiary and certain other distributions; acquire or sell assets or consolidate or merge with or into other companies; make loans,
acquisitions and investments; change the nature of their business; enter into sale and leaseback transactions; enter into transactions
with affiliates; enter into burdensome agreements; prepay, redeem or modify or terminate certain other indebtedness; and make certain
modifications to material documents (including organizational documents).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The A&amp;R Credit
Agreement contains a springing financial covenant that requires the Company and its subsidiaries to maintain a fixed charge coverage
ratio of at least 1.0:1.0 during certain test periods, based on availability under the revolving line of credit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The A&amp;R Credit
Agreement also contains customary representations and warranties, affirmative covenants and events of default. If an event of default
occurs under the A&amp;R Credit Agreement, then the lenders may (a) terminate their commitments under the A&amp;R Credit Agreement,
(b) declare any outstanding loans under the A&amp;R Credit Agreement to be immediately due and payable, (c) require that the borrowers
cash collateralize their letter of credit obligations and/or (d) foreclose on the collateral securing the obligations under the
A&amp;R Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The foregoing description
does not purport to be complete and is qualified in its entirety by reference to the full text of the A&amp;R Credit Agreement,
which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 11%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Item&nbsp;2.03.</B></FONT></TD>
    <TD STYLE="width: 89%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><BR>
The information set forth under Item&nbsp;1.01 above is incorporated by reference into this Item&nbsp;2.03.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 11%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Item&nbsp;9.01.</B></FONT></TD>
    <TD STYLE="width: 89%; font: 10pt Times New Roman, Times, Serif"><B>Financial Statements and Exhibits.</B></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><B>(d) Exhibits</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%; background-color: white; border-collapse: collapse">
<TR>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 6%">&nbsp;</TD>
    <TD STYLE="width: 84%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 1pt solid"><B>Exhibit&nbsp;No.</B>&nbsp;</P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Description</B></FONT></TD></TR>

<TR>
    <TD NOWRAP STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">4.1</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Indenture dated as of March 19, 2015 between Evolution Escrow Issuer LLC to be merged into Tronox Finance LLC and Wilmington Trust, National Association, as trustee.</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">4.2</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">First Supplemental Indenture dated as of April 1, 2015 among Tronox Finance LLC (as successor to Evolution Escrow Issuer LLC), the parties named in Schedule I thereto and Wilmington Trust, National Association, as trustee.</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">4.3</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Fifth Supplemental Indenture dated as of April 1, 2015 among Tronox Finance LLC, the guarantors named therein and Wilmington Trust, National Association, as trustee.</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">10.1</TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">Amended and Restated Revolving Syndicated Facility Agreement dated as of April 1, 2015, among Tronox Incorporated, Tronox
Limited, Tronox Pigments (Holland) B.V., Guarantors named therein, Lenders named therein, UBS Securities LLC, as Lead Arranger
and Bookmanager, Goldman Sachs Bank USA and Royal Bank of Canada, as Co-Syndication Agents, Credit Suisse AG, Cayman Islands
Branch and Wells Fargo Bank, N.A., as Co-Documentation Agents, UBS AG, Stamford Branch, as Issuing Bank, Swingline Lender,
Administrative Agent and Collateral Agent, and UBS AG, Stamford Branch, as Australian Security Trustee.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt; background-color: white">Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt; background-color: white"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B>TRONOX LIMITED</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="text-decoration: underline"><FONT STYLE="font-size: 10pt"><U>/s/ Richard L. Muglia</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Date: April 7, 2015</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Richard L. Muglia</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title: </FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Senior Vice President, General Counsel and&nbsp;&nbsp;<BR>
Secretary</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt; background-color: white"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in"><BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>Exhibit Index</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

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<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 6%">&nbsp;</TD>
    <TD STYLE="width: 84%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 1pt solid"><B>Exhibit&nbsp;No.&nbsp;</B></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Description</B></FONT></TD></TR>

<TR>
    <TD NOWRAP STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">4.1</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Indenture dated as of March 19, 2015 between Evolution Escrow Issuer LLC to be merged into Tronox Finance LLC and Wilmington Trust, National Association, as trustee.</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">4.2</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">First Supplemental Indenture dated as of April 1, 2015 among Tronox Finance LLC (as successor to Evolution Escrow Issuer LLC), the parties named in Schedule I thereto and Wilmington Trust, National Association, as trustee.</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">4.3</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Fifth Supplemental Indenture dated as of April 1, 2015 among Tronox Finance LLC, the guarantors named therein and Wilmington Trust, National Association, as trustee.</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">10.1</TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">Amended and Restated Revolving Syndicated Facility Agreement dated as of April 1, 2015, among Tronox Incorporated, Tronox
Limited, Tronox Pigments (Holland) B.V., Guarantors named therein, Lenders named therein, UBS Securities LLC, as Lead Arranger
and Bookmanager, Goldman Sachs Bank USA and Royal Bank of Canada, as Co-Syndication Agents, Credit Suisse AG, Cayman Islands
Branch and Wells Fargo Bank, N.A., as Co-Documentation Agents, UBS AG, Stamford Branch, as Issuing Bank, Swingline Lender,
Administrative Agent and Collateral Agent, and UBS AG, Stamford Branch, as Australian Security Trustee.</TD></TR>
</TABLE>


<P STYLE="margin: 0"></P>

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{"company-data": {"conformed-name": "Tronox Ltd", "cik": "0001530804", "assigned-sic": "2810", "irs-number": "981026700"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-35573", "film-number": "15757052"}, "business-address": {"street1": "1 BRODIE HALL DRIVE", "city": "TECHNOLOGY PARK, BENTLEY", "state": "C3", "zip": "6102", "phone": "(405) 775-5000"}, "mail-address": {"street1": "1 BRODIE HALL DRIVE", "city": "TECHNOLOGY PARK, BENTLEY", "state": "C3", "zip": "6102"}}
UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant to
Section 13 or 15(d) of the
Securities Exchange
Act of 1934
Date of Report
(Date of earliest event reported): April 7, 2015 (April 1, 2015)
TRONOX LIMITED
(Exact name
of registrant as specified in its charter)
Western Australia, Australia
1-35573
98-1026700
(State
                                    or other jurisdiction
of
        incorporation)
(Commission
File
        Number)
(IRS
                                    Employer
Identification
        No.)
One Stamford
Plaza
263 Tresser
Boulevard, Suite 1100
Stamford,
Connecticut 06901
(Address
of principal executive offices, including Zip Code)
(203) 705-3800
(Registrant's
telephone number, including area code)
n/a
(Former
name or former address, if changed since last report)
Check the appropriate box below if
the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01.
Entry Into a Material Definitive Agreement
Senior Notes due 2022
On March 19, 2015, Evolution Escrow Issuer LLC
("SPV"), a special purpose limited liability company organized under the laws of Delaware closed an offering of
$600,000,000 aggregate principal amount of its 7.50% Senior Notes due 2022 (the "Notes"). SPV was initially a
wholly owned subsidiary of Stichting Evolution Escrow, a Dutch foundation that is not an affiliate of Tronox Limited, an
Australian public limited company incorporated in the Commonwealth of Australia (the "Company"). The Notes were
offered and sold by SPV in reliance on an exemption pursuant to Rule 144A and Regulation S under the Securities Act of 1933,
as amended (the "Securities Act"). The Notes have not been registered under the Securities Act and may not be
offered or sold in the United States absent registration or an applicable exemption from registration requirements.
The Notes were issued under an Indenture, dated as of March
19, 2015 (the "Indenture"), between SPV and Wilmington Trust, National Association (the "Trustee").
On April 1, 2015, the Company closed  its
previously announced acquisition of the Alkali Chemicals  business of FMC Corporation (the "Transaction"). In
connection with the closing of the Transaction, SPV merged with and into Tronox Finance LLC, a subsidiary of the Company
("Tronox Finance"), Tronox Finance assumed the obligations of SPV under the Indenture and the Notes by operation
of law (the "Assumption"), and the proceeds from the offering of the Notes were released to the Company.  In
connection with the Assumption, the Company and certain of the Company's subsidiaries entered into a supplemental
indenture (the "First Supplemental Indenture"), by and among the Company, Tronox Finance, the guarantors party
thereto, and the Trustee, pursuant to which the Company and such subsidiaries became guarantors of the Notes under the
Indenture.
The Indenture and the Notes provide, among other things, that
the Notes are senior unsecured obligations of Tronox Finance. Interest is payable on the Notes on March 15 and September 15
of each year beginning on September 15, 2015 until their maturity date of March 15, 2022. The terms of the Indenture, among
other things, limit, in certain circumstances, the ability of the Company to: incur certain additional indebtedness and issue preferred
stock; make certain dividends, distributions, investments and other restricted payments; sell certain assets; incur liens; agree
to any restrictions on the ability of certain subsidiaries to make payments to the Company; consolidate
or merge with or into, or sell substantially all of the Company's assets to, another person; enter into transactions
with affiliates; and enter into new lines of business.
Pursuant to the First Supplemental Indenture, the Notes are
guaranteed, jointly and severally, on a senior unsecured basis, by the Company and all of the subsidiaries of the Company that
guarantee any obligations under the Company's credit facilities on April 1, 2015, including those subsidiaries acquired in
the Transaction. From and after April 1, 2015, if the Company or any of its Restricted Subsidiaries (as defined in the Indenture)
acquires or creates another wholly-owned Subsidiary (as defined in the Indenture) which is not an Excluded Entity (as defined in
the Indenture) that guarantees certain debt of Tronox Finance, the Company or a Guarantor, such newly acquired or created subsidiary
will also guarantee the Notes.
The Indenture provides for customary events of default which
include (subject in certain cases to customary grace and cure periods), among others: nonpayment of principal or interest; breach
of other agreements in the Indenture; any guarantee of a significant subsidiary ceasing to be in full force and effect; a default
by Tronox Finance, the Company or a Restricted Subsidiary (as defined in the Indenture) under any bonds, debentures, notes or other
evidences of indebtedness of a certain amount, resulting in its acceleration; the rendering of judgments to pay certain amounts
of money against the Company and its significant subsidiaries which remains outstanding for 60 days; and certain events of bankruptcy
or insolvency. Generally, if an event of default occurs and is not cured within the time periods specified, the Trustee or the
holders of at least 25% in principal amount of the then outstanding Notes may declare all the Notes to be due and payable immediately.
At any time prior to March 15, 2018, Tronox Finance may redeem
some or all of the Notes at a redemption price equal to 100% of the principal amount thereof plus a make-whole premium and accrued
and unpaid interest up to, but excluding, the redemption date. Tronox Finance may also redeem some or all of the Notes on and after
March 15, 2018, at a redemption price of 103.750% of the principal amount thereof if redeemed during the twelve-month period beginning
on March 15, 2018, 101.875% of the principal amount thereof if redeemed during the twelve-month period beginning on March 15, 2019
and 100% of the principal amount thereof if redeemed on or after March 15, 2020, plus any accrued and unpaid interest, up to, but
excluding, the redemption date. In addition, prior to March 15, 2018, Tronox Finance may redeem up to 40% of the Notes from
the proceeds of certain equity offerings. If the Company experiences certain changes of control specified in the Indenture, it
must offer to purchase the Notes at a redemption price equal to 101% of the principal amount thereof plus accrued and unpaid interest,
if any, up to, but excluding, the redemption date. In addition, certain asset dispositions of the Company will be triggering events
which may require Tronox Finance to use the proceeds from those asset dispositions to make an offer to purchase the Notes at 100%
of their principal amount, plus accrued and unpaid interest, up to, but excluding, the redemption date.
Senior Notes due 2020
On August 20, 2012, the Company entered into an Indenture (the
"2012 Indenture") by and among the Company, Tronox Finance, the guarantors party thereto and the Trustee relating to
the offering by Tronox Finance of its 6.375% Senior Notes due 2020 (the "2020 Notes"). Under the terms of the 2012
Indenture, the 2020 Notes are guaranteed, jointly and severally, on a senior unsecured basis, by (i) the Company, (ii) all of its
subsidiaries that guaranteed any obligations under its credit facilities on the date the 2020 Notes were issued, and (iii) any
wholly-owned Subsidiary (as defined in the Indenture) which is not an Excluded Subsidiary (as defined in the 2012 Indenture) acquired
or created by the Company or any of its Restricted Subsidiaries (as defined in the 2012 Indenture) after August 20, 2012 that
guarantees certain debt of Tronox Finance, the Company or any guarantor party to the 2012 Indenture.
In connection with the Transaction, on April 1, 2015 the Company,
Tronox Finance, the guarantors party to the 2012 Indenture, as supplemented, and the entities acquired in the Transaction, entered
into a Fifth Supplemental Indenture to the 2012 Indenture whereby the entities acquired in the Transaction became guarantors under
the 2012 Indenture.
Amended and Restated
Credit Agreement
On Apri1 1, 2015, Tronox
Incorporated and certain of its subsidiaries ("Tronox US") and the Company and certain of its subsidiaries (together
with Tronox US, the "Tronox Loan Parties") amended and restated its existing asset-based revolving credit facility
(the "Existing Credit Agreement") by entering into an amended and restated asset-based revolving syndicated facility
agreement (the "A&R Credit Agreement") with a syndicate of lenders and UBS AG, Stamford Branch, as issuing bank,
swingline lender, administrative agent (in such capacity, the "Administrative Agent"), collateral agent and Australian
security trustee. The A&R Credit Agreement did not materially change any of the terms of the Existing Credit Agreement, except
with respect to, among other things, increasing the commitments thereunder and changing the maturity date, as more fully described
below.
The A&R Credit
Agreement provides for up to $500,000,000 of revolving credit loans, with a $85,000,000 sublimit for letters of credit, and permits
borrowings in U.S. Dollars and Euros. The A&R Credit Agreement includes an accordion feature whereby the total credit available
to the borrowers thereunder can be increased by up to $200,000,000, subject to receiving additional lender commitments and the
satisfaction of certain other conditions. Availability of revolving credit loans and letters of credit under the A&R Credit
Agreement are subject to a borrowing base related to certain eligible inventory and accounts receivable owned by certain of the
Tronox Loan Parties. In addition, the A&R Credit Agreement contains customary conditions precedent to each borrowing and issuance
of letters of credit, including absence of defaults, no material adverse change and accuracy of representations and warranties.
Subject to certain
customary and other exceptions, the obligations of the borrowers under the A&R Credit Agreement are (a) guaranteed on a joint
and several basis by the Tronox Loan Parties, and (b) secured by (i) a first priority lien on substantially all of the Tronox Loan
Parties' existing and future deposit accounts, inventory and receivables and certain related assets, and (ii) a second priority
lien on substantially all of the Tronox Loan Parties' other assets, including equipment, equity interests and material real
property.
There are no scheduled
amortization payments under the A&R Credit Agreement. Borrowings under the A&R Credit Agreement will mature on the earlier
of (a) April 1, 2020 or (b) the date which is three months prior to the maturity date of the Credit and Guaranty Agreement, dated
as of February 8, 2012, by and among certain of the Tronox Loan Parties, Goldman Sachs Bank USA, as the agent and the other parties
thereto (as such date may be extended pursuant to the terms thereof or as a result of any refinancing thereof into one or more
other credit facilities);
provided
, that, in no event will the maturity be earlier than June 18, 2017.
Under the A&R Credit
Agreement, borrowings in U.S. Dollars bear interest, at Tronox Limited's option, at either a base rate or an adjusted LIBOR
rate and borrowings in Euros bear interest at an adjusted LIBOR rate, in each case plus an applicable margin. The base rate is
defined as the greatest of (a) the Administrative Agent's prime rate, (b) the Federal funds effective rate plus 0.50% and
(c) the adjusted LIBOR rate for a one-month period plus 1.00%. The applicable margin ranges from 0.50% to 1.00% for borrowings
at the base rate and from 1.50% to 2.00% for borrowings at the adjusted LIBOR rate, in each case, based on the average daily borrowing
availability. The borrowers under the A&R Credit Agreement must pay a commitment fee on the daily unused amount of the commitments
ranging from 0.25% to 0.375%, depending on usage of the total revolving credit commitments. The borrowers must also pay customary
letter of credit and agency fees. In addition, the A&R Credit Agreement requires the borrowers to pay certain customary fees,
costs and expenses of the Administrative Agent and the lenders.
The A&R Credit
Agreement contains various negative covenants that, subject to agreed upon exceptions, limit the Tronox Loan Parties' and
certain of their respective subsidiaries to (among other restrictions): incur indebtedness; grant liens; pay dividends and make
subsidiary and certain other distributions; acquire or sell assets or consolidate or merge with or into other companies; make loans,
acquisitions and investments; change the nature of their business; enter into sale and leaseback transactions; enter into transactions
with affiliates; enter into burdensome agreements; prepay, redeem or modify or terminate certain other indebtedness; and make certain
modifications to material documents (including organizational documents).
The A&R Credit
Agreement contains a springing financial covenant that requires the Company and its subsidiaries to maintain a fixed charge coverage
ratio of at least 1.0:1.0 during certain test periods, based on availability under the revolving line of credit.
The A&R Credit
Agreement also contains customary representations and warranties, affirmative covenants and events of default. If an event of default
occurs under the A&R Credit Agreement, then the lenders may (a) terminate their commitments under the A&R Credit Agreement,
(b) declare any outstanding loans under the A&R Credit Agreement to be immediately due and payable, (c) require that the borrowers
cash collateralize their letter of credit obligations and/or (d) foreclose on the collateral securing the obligations under the
A&R Credit Agreement.
The foregoing description
does not purport to be complete and is qualified in its entirety by reference to the full text of the A&R Credit Agreement,
which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.
Item 2.03.
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.
Item 9.01.
Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
4.1
Indenture dated as of March 19, 2015 between Evolution Escrow Issuer LLC to be merged into Tronox Finance LLC and Wilmington Trust, National Association, as trustee.
4.2
First Supplemental Indenture dated as of April 1, 2015 among Tronox Finance LLC (as successor to Evolution Escrow Issuer LLC), the parties named in Schedule I thereto and Wilmington Trust, National Association, as trustee.
4.3
Fifth Supplemental Indenture dated as of April 1, 2015 among Tronox Finance LLC, the guarantors named therein and Wilmington Trust, National Association, as trustee.
10.1
Amended and Restated Revolving Syndicated Facility Agreement dated as of April 1, 2015, among Tronox Incorporated, Tronox
Limited, Tronox Pigments (Holland) B.V., Guarantors named therein, Lenders named therein, UBS Securities LLC, as Lead Arranger
and Bookmanager, Goldman Sachs Bank USA and Royal Bank of Canada, as Co-Syndication Agents, Credit Suisse AG, Cayman Islands
Branch and Wells Fargo Bank, N.A., as Co-Documentation Agents, UBS AG, Stamford Branch, as Issuing Bank, Swingline Lender,
Administrative Agent and Collateral Agent, and UBS AG, Stamford Branch, as Australian Security Trustee.
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TRONOX LIMITED
By:
/s/ Richard L. Muglia
Date: April 7, 2015
Name:
Richard L. Muglia
Title:
Senior Vice President, General Counsel and
Secretary
Exhibit Index
Exhibit No.
Description
4.1
Indenture dated as of March 19, 2015 between Evolution Escrow Issuer LLC to be merged into Tronox Finance LLC and Wilmington Trust, National Association, as trustee.
4.2
First Supplemental Indenture dated as of April 1, 2015 among Tronox Finance LLC (as successor to Evolution Escrow Issuer LLC), the parties named in Schedule I thereto and Wilmington Trust, National Association, as trustee.
4.3
Fifth Supplemental Indenture dated as of April 1, 2015 among Tronox Finance LLC, the guarantors named therein and Wilmington Trust, National Association, as trustee.
10.1
Amended and Restated Revolving Syndicated Facility Agreement dated as of April 1, 2015, among Tronox Incorporated, Tronox
Limited, Tronox Pigments (Holland) B.V., Guarantors named therein, Lenders named therein, UBS Securities LLC, as Lead Arranger
and Bookmanager, Goldman Sachs Bank USA and Royal Bank of Canada, as Co-Syndication Agents, Credit Suisse AG, Cayman Islands
Branch and Wells Fargo Bank, N.A., as Co-Documentation Agents, UBS AG, Stamford Branch, as Issuing Bank, Swingline Lender,
Administrative Agent and Collateral Agent, and UBS AG, Stamford Branch, as Australian Security Trustee.