NL Industries to redeem $50m of senior secured notes

21 November 2000 04:06  [Source: ICIS news]

SINGAPORE (CNI)--NL Industries Inc, the Houston-based maker of titanium dioxide pigments, will redeem $50m (Euro58m) senior secured notes on 29 December, CNI was informed Tuesday.

The notes bore interest of 11 3/4% and were originally due in 2003, NL said in a brief statement.

Last month, NL reported a rise in third quarter net profits of 77% to $30.2m (Euro35.0m) on the back of higher selling prices and high production volumes for titanium dioxide.

By: Stefan Baumgarten
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