The repayment follows Rockwood's $250 million reduction of its senior secured term loan B credit facility in Oct last year. Sachtleben, a leading producer of high-quality titanium dioxide (TiO2), was formed in Sep 2008 through the union of Rockwood's TiO2 pigments and functional additives business and Finland-based specialty chemicals maker Kemira Oyj's TiO2 business. Its major products include TiO2 in anatase grade, TiO2 in rutile grade and titanium specialties. Sachtleben caters to a bevy of industries including synthetic fibers, plastics, paints, packaging inks, coatings, cosmetics and pharmaceuticals. Rockwood recently bought Kemira's 39% stake in Sachtleben for €97.5 million ($130 million).