LSB Industries amends revolver to allow for new senior notes due 2023

By Tali Rackner

Minneapolis, April 20 – LSB Industries, Inc. entered into an amendment to its existing working capital revolver on April 16 with Wells Fargo Capital Finance, LLC as administrative agent, according to an 8-K filing with the London Stock Exchange.

The amendment allows the company to issue $400 million of senior secured notes due 2023, which was announced on April 16, and clarifies that the springing maturity date (which was previously intended to be triggered in the event that the company’s existing 8˝% senior secured notes due 2019 were not refinanced or repaid) is no longer applicable, and that the maturity date is Jan. 17, 2022.

LSB is a manufacturing, marketing and engineering company based in Oklahoma City.

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