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Long-term debt
6 Months Ended
Jun. 30, 2022
Long-term debt  
Long-term debt

Note 8 – Long-term debt:

During the first six months of 2022, our wholly-owned subsidiary, NLKW Holding, LLC had no borrowings or repayments under its $50 million secured revolving credit facility with Valhi. At June 30, 2022, $.5 million was outstanding and $49.5 million was available for future borrowing under this facility. Outstanding borrowings bear interest at the prime rate plus 1.875% per annum, and the average interest rate for the six months ended June 30, 2022 was 5.49%. The interest rate under this facility as of June 30, 2022 was 6.625%. We are in compliance with all covenants at June 30, 2022.