The company's net debt leverage - defined as net debt divided by trailing 12-month adjusted EBITDA - was assessed at only 3.6x at the end of 2019. Its debt maturities for each of the four years prior to 2024 are assessed at only $US 4 million. Between end-2019 and end-March 2020, Venator's net debt increased from $US 695 million to $US 781 million.
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