Long-term debt	3 Months Ended
Mar. 31, 2025
Long-term debt
Long-term debt	Note 9 – Long-term debt: During the first three months of 2025, our wholly-owned subsidiary, NLKW Holding, LLC had no borrowings or repayments under its $50 million secured revolving credit facility with Valhi. At March 31, 2025, $.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 as of and for the three months ended March 31, 2025 was 9.38%. We are in compliance with all covenants at March 31, 2025.

Long-term debt

3 Months Ended

Mar. 31, 2025

Note 9 – Long-term debt:

During the first three months of 2025, our wholly-owned subsidiary, NLKW Holding, LLC had no borrowings or repayments under its $50 million secured revolving credit facility with Valhi. At March 31, 2025, $.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 as of and for the three months ended March 31, 2025 was 9.38%. We are in compliance with all covenants at March 31, 2025.