SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
May 15, 1997
(Date of Report, date of earliest event reported)
VALHI, INC.
(Exact name of Registrant as specified in its charter)
Delaware 1-5467 87-0110150
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) No.)
5430 LBJ Freeway, Suite 1700, Dallas, TX 75240-2697
Address of principal executive offices) (Zip Code)
(972) 233-1700
(Registrant's telephone number, including area code)
Not applicable
(Former name or address, if changed since last report)
Item 5: Other Events
On May 15, 1997, the Registrant issued the press release attached hereto
as Exhibit 99.1 which is incorporated herein by reference.
Item 7: Financial Statements, Pro Forma Financial Information
and Exhibits
(c) Exhibit
Item No. Exhibit Index
99.1 Press release dated May 15, 1997
issued by the Registrant
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
VALHI, INC.
(Registrant)
By:/s/ Steven L. Watson
Steven L. Watson
Vice President & Secretary
Date: May 15, 1997
[LOGO]
PRESS RELEASE
FOR IMMEDIATE RELEASE: CONTACT:
VALHI, INC. STEVEN L. WATSON
THREE LINCOLN CENTRE VICE PRESIDENT
5430 LBJ FREEWAY (972) 233-1700
DALLAS, TEXAS 75240-2697 (972) 239-0142 (FAX)
VALHI ANNOUNCES REFINANCING OF LOANS RECEIVABLE
Dallas, Texas . . . May 15, 1997 . . . Valhi, Inc. (NYSE: VHI) announced
today that Snake River Sugar Company, an Oregon cooperative, has completed $100
million in term loan financing with third party lenders. Proceeds of the loan
will be utilized to repay approximately $100 million of $192 million in debt
financing provided by Valhi in conjunction with the January 3, 1997 transfer of
control to Snake River of the refined sugar business previously conducted by The
Amalgamated Sugar Company, an indirect wholly owned subsidiary of Valhi.
Following the refinancing, Valhi loans to Snake River will be reduced to $87
million.
Valhi is engaged in the chemicals, component products and waste management
industries.
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