LSB Industries plans to sell $400 million eight-year notes next week

By Paul A. Harris

Portland, Ore., July 18 - LSB Industries, Inc. plans to price a $400 million offering of eight-year senior notes (Ba3/B+) late in the July 22 week, according to a syndicate source and an 8-K filing with the Securities and Exchange Commission.

Wells Fargo Securities LLC is the left bookrunner for the Rule 144A and Regulation S with registration rights offer. BofA Merrill Lynch and J.P. Morgan Securities LLC are the joint bookrunners. Sterne Agee is the co-manager.

The notes come with three years of call protection.

Proceeds will be used to repay the Oklahoma City-based diversified industrial company's secured term loan and for general corporate purposes.

LSB Industries is involved in the manufacturing and marketing of products in the chemical and climate control segments.

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