Valhi, Inc. Enters Material Definitive Agreement
Ticker: VHI · Form: 8-K · Filed: Jul 17, 2024 · CIK: 59255
| Field | Detail |
|---|---|
| Company | Valhi Inc /De/ (VHI) |
| Form Type | 8-K |
| Filed Date | Jul 17, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
Valhi just signed a big financial deal, check the 8-K for details.
AI Summary
On July 16, 2024, Valhi, Inc. entered into a material definitive agreement related to a direct financial obligation. The filing details the creation of this obligation under an off-balance sheet arrangement for the registrant. Specific details regarding the nature of the agreement and the financial obligation are provided within the filing.
Why It Matters
This filing indicates Valhi, Inc. has entered into a significant financial agreement, which could impact its financial obligations and future operations.
Risk Assessment
Risk Level: medium — Entering into new financial obligations can introduce financial risks and impact the company's balance sheet.
Key Players & Entities
- Valhi, Inc. (company) — Registrant
- July 16, 2024 (date) — Date of earliest event reported
FAQ
What type of material definitive agreement did Valhi, Inc. enter into?
The filing indicates Valhi, Inc. entered into a material definitive agreement that resulted in the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is July 16, 2024.
What is Valhi, Inc.'s principal executive office address?
Valhi, Inc.'s principal executive office is located at 5430 LBJ Freeway, Suite 1700, Dallas, Texas 75240-2620.
Under which section of the Securities Exchange Act of 1934 is this 8-K filed?
This 8-K is filed pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934.
What is Valhi, Inc.'s IRS Employer Identification No.?
Valhi, Inc.'s IRS Employer Identification No. is 87-0110150.
Filing Stats: 564 words · 2 min read · ~2 pages · Grade level 9.7 · Accepted 2024-07-17 16:18:48
Filing Documents
- vhl-20240716x8k.htm (8-K) — 45KB
- 0000059255-24-000049.txt ( ) — 163KB
- vhl-20240716.xsd (EX-101.SCH) — 3KB
- vhl-20240716_lab.xml (EX-101.LAB) — 16KB
- vhl-20240716_pre.xml (EX-101.PRE) — 10KB
- vhl-20240716x8k_htm.xml (XML) — 5KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
03
Item 2.03 Creation of a Direct Financial Obligation of an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information disclosed by Kronos Worldwide, Inc., a Delaware corporation and an affiliate of the registrant ("Kronos Worldwide"), under Items 1.01 and 2.03 of the Current Report on Form 8-K dated July 16, 2024 that Kronos Worldwide (File No. 1-31763) filed with the U.S. Securities and Exchange Commission on July 17, 2024 is hereby incorporated herein by reference.
Financial Statements and Exhibits
Financial Statements and Exhibits. 1 (d) Exhibits Item No. Description 10.1 Purchase and Sale Agreement dated July 16, 2024 by and between Kronos Louisiana, Inc., Kronos Worldwide, Inc., Venator Investments, Ltd. and Venator Materials PLC – incorporated by reference to Exhibit 10.1 to Kronos Worldwide, Inc.'s Current Report on Form 8-K filed July 17, 2024 10.2 Second Amendment to Credit Agreement dated July 17, 2024 among Kronos Worldwide, Inc., Kronos Louisiana, Inc., Kronos (US), Inc., Kronos Canada, Inc., Kronos Europe NV, Kronos Titan GmbH, Wells Fargo Bank, National Association as administrative agent and the lenders a party thereto – incorporated by reference to Exhibit 10.2 to Kronos Worldwide, Inc.'s Current Report on Form 8-K filed July 17, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. 3 Valhi, Inc. (Registrant) By: /s/ Amy A. Samford Date: July 17, 2024 Amy A. Samford Executive Vice President and Chief Financial Officer