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NL INDUSTRIES ANNOUNCES CLOSING OF SALE OF SENIOR SECURED NOTES

 HOUSTON, Oct. 20 /PRNewswire/ -- NL Industries, Inc. (NYSE: NL), announced today the closing of the previously reported sale of $250 million of 11-3/4 percent senior secured notes due 2003 and $100 million (proceeds) of 13 percent senior secured discount notes due 2005.
 The net proceeds, together with available funds, will be used by NL to prepay the Deutsche mark equivalent of approximately $342 million of the Deutsche mark denominated bank credit facility and to redeem all of NL's 7-1/2 percent sinking fund debentures due Dec. 15, 1995, of which approximately $10 million principal amount is outstanding. The 7-1/2 percent sinking fund debentures will be called for redemption at a price equal to 100 percent of principal amount plus accrued interest to the redemption date, Nov. 19, 1993. Debentures may be submitted to the paying agent, Chase Manhattan Bank, for payment at any time.
 NL Industries, Inc., a producer of titanium dioxide pigments and specialty chemicals, is headquartered in Houston. NL's common stock is traded on the New York and Pacific Stock Exchanges under the symbol "NL."
 -0- 10/20/93
 /CONTACT: Dennis G. Newkirk of NL Industries, 713-987-6332/
 (NL)


CO: NL Industries, Inc. ST: Texas IN: CHM SU:

TS-TW -- NY097 -- 4769 10/20/93 16:33 EDT
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Publication:PR Newswire
Date:Oct 20, 1993
Words:210
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