LSB Industries to buy back 10¾% bonds with some proceeds from new loan

New York, Sept. 16 - LSB Industries Inc. said it will buy back some of its 10¾% bonds due 2007 with part of the proceeds from a new $50 million secured term loan due 2009.

Proceeds will also be used to repay $35 million of higher interest rate senior notes due 2005 and for working capital.

The Oklahoma City manufacturer of climate control products obtained the new loan from the corporate finance group of ORIX USA Corp.

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