Valhi, Inc. Issues Additional Senior Secured Notes

Valhi, Inc. has filed a Form 8-K with the SEC, reporting the issuance of €75,000,000 in aggregate principal amount of additional 9.50% Senior Secured Notes due 2029 by its affiliate, Kronos Worldwide, Inc. The notes were issued under a Third Supplemental Indenture dated September 15, 2025, and are governed by the existing Indenture. The new notes will be consolidated with the previously issued notes, forming a single class. The notes were issued at an issue price of 105.000%, with interest accruing from September 15, 2025, and the first interest payment due on March 15, 2026. The filing also includes an Additional Notes Priority Joinder Agreement, which integrates the new notes into the existing security arrangements.