LSB Industries to redeem remaining 8½% notes due 2019 on May 25

By Wendy Van Sickle

Columbus, Ohio, April 25 – LSB Industries, Inc. called its remaining $37,475,000 of outstanding 8½% senior secured notes due 2019 for redemption on May 25, according to a press release.

The redemption price will be 101.938 plus accrued interest to but excluding the redemption date.

As previously reported, holders tendered $337,525,000 of the $375 million principal amount of the notes in an offer that ended at 5 p.m. ET on April 20.

LSB accepted all of the tendered notes for payment on April 25 in connection with the closing of its $400 million principal amount of 9 5/8% notes due 2023.

The purchase price for the tendered notes was $1,023.88 per $1,000 principal amount plus accrued interest to but excluding the settlement date.

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

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