Printer Friendly

VALHI SUBSIDIARY COMPLETES $100 MILLION NOTE OFFERING

 DALLAS, Nov. 8 /PRNewswire/ -- Valhi Inc. (NYSE: VHI) announced today that Valcor Inc., a wholly owned subsidiary, has completed its previously announced public offering of 9 5/8 Percent Senior Notes due 2003. Valcor sold $100,000,000 aggregate principal amount of the notes at par through underwriters Morgan Stanley & Co. Inc. and Merrill Lynch & Co. Of the proceeds from the note offering, $75 million will be distributed to Valhi and the balance will be retained by Valcor for its general corporate purposes. As previously announced, 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- 11/8/93
 /CONTACT: William C. Timm, VP-finance and administration of Valhi, 214-450-4212/
 (VHI)


CO: Valhi Inc.; Valcor Inc. ST: Texas IN: SU: OFR

JB-EH -- LA024 -- 1732 11/08/93 11:34 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 8, 1993
Words:237
Previous Article:CORTECH RELEASES THIRD QUARTER RESULTS
Next Article:OPTICAL DATA SYSTEMS ADDS ADDITIONAL HUB-INTEGRATED COMPONENTS TO INFINITY LINE; 486-BASED PC MODULE JOINS INFINITY LINE
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters