LSB Completes Issuance of $50 Million of New Senior Secured Notes
The notes were issued with a 12% annual interest rate, subject to a
limited reset based on certain circumstances but in any event not to
exceed a 13.5% annual interest rate. The notes will mature in
The notes have not been registered under the Securities Act of 1933 or
applicable state securities laws. Unless so registered, the notes may
not be offered or sold in
This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy the notes, nor shall there be any sales of notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About
LSB is a manufacturing company. LSB’s principal business activities consist of the manufacture and sale of chemical products for the agricultural, mining, and industrial markets, and the manufacture and sale of commercial and residential climate control products, such as water source and geothermal heat pumps, hydronic fan coils, modular chillers, large custom air handlers and make-up air units.
Forward Looking Statement
This press release includes certain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements generally are identified by use of the
words “will”, “believes”, “expects”, “estimates”, “intends”,
“anticipates”, “plans to”, “should”, “estimates”, “projects”, or similar
expressions, including, without limitation, the completion of
construction of an ammonia plant, nitric acid plant and concentrator at
its chemical facility located in
View source version on businesswire.com: http://www.businesswire.com/news/home/20151110006465/en/
Source:
Company Contact:
Mark Behrman, 405-235-4546
Chief
Financial Officer
or
Investor Relations:
The
Equity Group Inc.
Fred Buonocore, 212-836-9607
or
Linda
Latman, 212-836-9609