LSB Industries, Inc. Announces Cash Tender Offer for Its Outstanding 8.50% Senior Secured Notes Due 2019
The Tender Offer is scheduled to expire at
Tendered Notes may be withdrawn at any time prior to the Expiration Time
subject to the terms and conditions of the Offer to Purchase. The Tender
Offer is subject to the satisfaction or waiver of a number of conditions
as set forth in the Offer to Purchase, including the receipt by LSB of
proceeds from a proposed offering of debt securities generating gross
proceeds of at least
None of LSB, the dealer manager, the information and tender agent, or the trustee for the Notes, or any of their respective affiliates, is making any recommendation as to whether holders of the Notes should tender any Notes in response to the Tender Offer. Holders of the Notes must make their own decision as to whether to tender any of their Notes and, if so, the principal amount of Notes to tender. This announcement is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful. The Tender Offer is being made solely by means of the Offer to Purchase. In those jurisdictions where the securities, blue sky or other laws require any tender offer to be made by a licensed broker or dealer, the Tender Offer will be deemed to be made on behalf of LSB by the dealer manager or one or more registered brokers or dealers licensed under the laws of such jurisdiction.
Certain matters contained in this press release include “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. We make these forward-looking statements in reliance on the safe harbor protections provided under the Private Securities Litigation Reform Act of 1995.
All statements, other than statements of historical fact, included in
this press release, including regarding the commencement and conduct of
the Tender Offer, may constitute forward-looking statements.
Forward-looking statements include statements about LSB’s expectations,
beliefs, plans, objectives, intentions, assumptions and other statements
that are not historical facts. Although we believe that the expectations
reflected in these forward-looking statements are reasonable, we cannot
assure you that these expectations will prove to be correct. These
forward-looking statements are subject to certain known and unknown
risks and uncertainties, as well as assumptions that could cause actual
results to differ materially from those reflected in these
forward-looking statements. Factors that might cause actual results to
differ include, but are not limited to, (i) LSB’s business plans may
change as circumstances warrant and the Tender Offer may not ultimately
be completed because of general market conditions or other factors or
(ii) any of the risk factors discussed from time to time in each of our
documents and reports filed with the
LSB Industries, Inc.
Mark T. Behrman, 405-235-4546
Chief Financial Officer
The Equity Group Inc.
Fred Buonocore, CFA, 212-836-9607
Kevin Towle, 212-836-9620