ThermaClime upsizes revolver to $100 million, extends maturity date

By Tali David

Minneapolis, July 10 - LSB Industries, Inc., ThermaClime LLC, a wholly owned subsidiary of LSB, certain subsidiaries of ThermaClime, and Consolidated Industries Corp., a subsidiary of LSB, entered into the eighth amendment to the amended and restated loan and security agreement on July 3, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

If the amendment becomes effective, ThermaClime's existing $50 million working capital revolver will be increased to $100 million and the maturity date will be extended to April 13, 2018. The amendment will not be effective until certain conditions are met, the filing said.

Wells Fargo Capital Finance, Inc. is the arranger and administrative agent for the lenders.

The filing noted that there are no outstanding borrowings under the working capital revolver.

ThermaClime is an Okalahoma City-based manufacturer and seller of climate control and chemical products.

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