NL Industries Enters Material Definitive Agreement with Kronos Worldwide

NL Industries, Inc., a New Jersey-based company, recently disclosed its entry into a material definitive agreement with Kronos Worldwide, Inc., a Delaware corporation and an affiliate of the registrant. The agreement, outlined in a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on December 19, 2024, involves the creation of a direct financial obligation.

Per the filing, NL Industries is incorporating the information provided by Kronos Worldwide under Items 1.01 and 2.03 of the Form 8-K submitted by Kronos Worldwide on the same date. This informational inclusion sheds light on the particulars of the agreement between the two entities.

Moreover, NL Industries also disclosed the filing of the Third Amendment to Credit Agreement dated December 19, 2024, which involves Kronos Worldwide, Kronos Louisiana, Inc., Kronos (US), Inc., Kronos Canada, Inc., Kronos Europe NV, Kronos Titan GmbH, Wells Fargo Bank, National Association, and the lenders party to the agreement. The specifics of this amendment were highlighted in Exhibit 10.1 of NL Industries’ Current Report.

Additionally, NL Industries included a Cover Page Interactive Data File (embedded within the Inline XBRL document) as part of the filing, enhancing the transparency and accessibility of the provided financial information.

This financial development signifies a significant step for NL Industries as it solidifies its financial position and strategic partnerships. Investors and stakeholders are likely to monitor further updates regarding this agreement and its implications for the company’s operations.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read NL Industries’s 8K filing here.

About NL Industries

NL Industries, Inc, through its subsidiary, CompX International Inc, operates in the component products industry in Europe, North America, the Asia Pacific, and internationally. The company manufactures and sells mechanical and electronic cabinet locks and other locking mechanisms, including disc tumbler locks; pin tumbler locking mechanisms under KeSet, System 64, TuBar, and Turbine brands; and electronic locks under CompX eLock and StealthLock brands for use in various applications, such as mailboxes, ignition systems, file cabinets, desk drawers, tool storage cabinets, high security medical cabinetry, integrated inventory and access control secured narcotics boxes, electronic circuit panels, storage compartments, gas station security, vending and cash containment machines.