Long-term debt |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Long-term debt. | |
| Long-term debt | Note 8 – Long-term debt: During the first six months of 2026, 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, 2026, $.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 six months ended June 30, 2026 was 8.6%. We are in compliance with all covenants at June 30, 2026. |