XML 26 R15.htm IDEA: XBRL DOCUMENT v3.23.2
Long-term debt
6 Months Ended
Jun. 30, 2023
Long-term debt  
Long-term debt

Note 8 – Long-term debt:

During the first six months of 2023, 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, 2023, $.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, 2023 was 9.80%. The interest rate under this facility as of June 30, 2023 was 10.13%. We are in compliance with all covenants at June 30, 2023.