SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 18, 1998
NL INDUSTRIES, INC.
- ------------------------------------------------------------------
(Exact name of registrant as specified in charter)
New Jersey 1-640 13-5267260
- ------------------------------------------------------------------
(State or other (Commission File No.) (Employer ID No.)
jurisdiction of
incorporation)
16825 Northchase Dr., Suite 1200, Houston, Texas 77060
- ------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (281) 423-3300
--------------
Not Applicable
- ------------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events.
On June 18, 1998, the Registrant issued the press release attached
hereto as Exhibit 99.1 and incorporated herein in its entirety by this
reference.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
(c) Exhibits
(i) Exhibit 99.1. Press Release dated June 18, 1998.
* * * * *
SIGNATURE
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 thereunto duly authorized.
NL INDUSTRIES, INC.
(Registrant)
/s/ Dennis G. Newkirk
Dennis G. Newkirk
Vice President & Controller
Dated: June 19, 1998
<PAGE>
John St. Wrba
Assistant Treasurer
281-423-3337
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
NL Industries Announces
Completion of Tender Offers for Notes
HOUSTON, TEXAS - June 18, 1998- NL Industries, Inc. (NYSE: NL) announced
today the results of its offers to purchase on a pro rata basis up to $181.6
million aggregate principal amount of its outstanding 11-3/4% Senior Secured
Notes due 2003 (Senior Notes) and accreted value of its outstanding 13% Senior
Secured Discount Notes due 2005 (Discount Notes), for a cash purchase price
equal to (i) in the case of the Senior Notes, 100% of the principal amount
thereof, plus accrued and unpaid interest, if any, to the Purchase Date, and
(ii) in the case of the Discount Notes, 100% of the accreted value thereof as of
the Purchase Date. The offers expired at 5:00 p.m. (New York City time) on June
17, 1998, and were not extended.
Based on final reports provided by each of The Chase Manhattan Bank, N.A.,
as depositary for the Senior Notes, and State Street Bank & Trust Company, as
depositary for the Discount Notes, bondholders had tendered and not withdrawn
(i) $6.0 million principal amount of Senior Notes, and (ii) $.1 million face
amount ($.1 million accreted value as of the Purchase Date) of Discount Notes,
all of which the Company accepted for purchase.
Following the Company's purchase of the Notes, approximately $244.0 million
principal amount of the Senior Notes and $175.2 million face amount of the
Discount Notes remain outstanding.
NL Industries, Inc. is a major international producer of titanium dioxide
pigments.
# # # #
