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VALHI INC. SUBSIDIARY PRICES NOTE OFFERING

 DALLAS, Oct. 29 /PRNewswire/ -- Valhi Inc. (NYSE: VHI), announced today that the registration statement as filed with the Securities and Exchange Commission by Valcor Inc., a wholly owned subsidiary, in connection with the previously announced public offering of Senior Notes due 2003 (the "Notes") has been declared effective and that the offering of the Notes has been priced. Closing of the offering is scheduled for Nov. 8, 1993. Valcor will sell $100,000,000 aggregate principal amount of the Notes at par to yield 9 5/8 percent. The underwriters for the offering are Morgan Stanley & Co. Inc. and Merrill Lynch & Co. $75 million of the net proceeds from the Note offering will be distributed to Valhi and the balance will be retained by Valcor for its general corporate purposes. Valhi will use a portion of the distribution to prepay the remaining $50 million outstanding principal balance of its 12 1/2 percent Senior Subordinated Notes due 1998.
 Valcor, headquartered in Dallas, is engaged in the forest products, fast food, and hardware products industries.
 Valhi, headquartered in Dallas, is a diversified industrial management company engaged in the refined sugar industry and, through Valcor, in the forest products, fast food and hardware products industries. Valhi is also indirectly engaged in the chemicals and titanium metals industries through its equity interests in two publicly traded affiliates, NL Industries Inc. and Tremont Corp. Valhi's common stock is traded on the New York and Pacific Stock Exchanges under the symbol "VHI".
 -0- 10/29/93 R
 /CONTACT: William C. Timm, VP-Finance and Administration of Valhi, 214-450-4212/
 (VHI)


CO: Valhi Inc. ST: Texas IN: SU:

OP -- LA028R -- 8807 10/29/93 20:13 EDT
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Publication:PR Newswire
Date:Oct 29, 1993
Words:279
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