LSB Industries starts roadshow for $400 million five-year notes

By Paul A. Harris

Portland, Ore., April 16 – LSB Industries, Inc. started a roadshow on Monday for a $400 million offering of five-year senior secured notes, according to an informed source.

The roadshow wraps up on Thursday, and the deal is set to price thereafter.

Goldman Sachs & Co. is the left bookrunner for the Rule 144A and Regulation S for life deal. Jefferies LLC is the joint bookrunner.

The notes come with two years of call protection.

The Oklahoma City-based manufacturing, marketing and engineering company plans to use the proceeds to fund the concurrent tender for its 8½% notes due Aug. 1, 2019 and to redeem the notes not tendered, with any remaining proceeds to be used for general corporate purposes.

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