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NL INDUSTRIES FILES FOR OFFERING

 HOUSTON, Oct. 13 /PRNewswire/ -- NL Industries, Inc. (NYSE: NL) announced today that its registration statement, as filed with the Securities and Exchange Commission in connection with its previously announced public offering of $250 million of senior secured notes due 2003 and $100 million (proceeds) of senior secured discount notes due 2005, has been declared effective and that the offering has been priced. The senior secured notes, with a coupon of 11.75 percent, were priced at par. The senior secured discount notes were priced at 53.4 percent to yield 13 percent. The offering is expected to close on Oct. 20, 1993.
 The net proceeds, together with available funds, will be used by NL to prepay approximately $342 million of a Deutsche mark denominated bank credit facility and to redeem NL's 7-1/2 percent sinking fund debentures due Dec. 15, 1995.
 The senior secured notes are non-callable until 2000, and the senior secured discount notes are non-callable until 1998.
 The notes are being underwritten by Salomon Brothers Inc. Copies of the prospectus describing these securities may be obtained from the underwriter in states in which the underwriter may legally offer these securities. This announcement is neither an offer to sell nor a solicitation to buy these securities.
 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- 10/13/93
 /CONTACT: Dennis G. Newkirk of NL Industries, 713-987-6332/
 (NL)


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

CK-LD -- NY111 -- 1918 10/13/93 17:56 EDT
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Publication:PR Newswire
Date:Oct 13, 1993
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