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LSB begins tender for $375 million 8½% notes due 2019 via new issue
By Susanna Moon
Chicago, April 16 – LSB Industries, Inc. is tendering for its $375 million principal amount of outstanding 8½% senior secured notes due 2019 until 5 p.m. ET on April 20.
The purchase price will be $1,023.88 per $1,000 principal amount plus accrued interest to but excluding the settlement date of April 25.
Tendered notes may be withdrawn at any time before the end of the offer.
The tender is contingent on LSB securing proceeds of at least $400 million from a proposed offering of debt securities, according to a company announcement.
Goldman Sachs & Co. LLC (800 828-3182) is the dealer manager. The information and tender agent is D.F. King & Co., Inc. (800 967-5079, lsb@dfking.com or dfking.com/lsb).
LSB is a manufacturing, marketing and engineering company based in Oklahoma City.
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