LSB Industries, an OKC-based chemical manufacturer of agricultural, industrial and mining chemical products, recently completed its private offering of $200 million.
LSB Industries, and OKC-based chemical manufacturer of agricultural, industrial and mining chemical products, recently completed its previously announced private offering of $200 million in aggregate principal amount of its 6.250% Senior Secured Notes due 2028.
The Notes constitute a further issuance of the 6.250% Senior Secured Notes due 2028, of which $500 million aggregate principal amount was issued on October 14, 2021.
The Notes were issued at a price equal to 100.000% of their face value, plus accrued interest from October 14, 2021 to March 8, 2022. The net proceeds from the offering will be used to pursue strategic acquisition opportunities, to fund organic growth (including debottlenecking to increase production capacity and other growth projects) and for general corporate purposes.
The Notes were sold pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers in the United States and to non-U.S. persons outside of the United States pursuant to Regulation S under the Securities Act. The Notes and the guarantees thereof have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements under the Securities Act and applicable state securities laws. This press release is neither an offer to sell nor a solicitation of an offer to buy the Notes or any other securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
