LSB Industries Completes Private Notes Offering

July 1, 2019

Willkie represented chemical products manufacturer LSB Industries in its offering of 9.625% Senior Secured Notes due 2023.

On June 21, 2019, it was announced that Willkie client LSB Industries, Inc. completed its previously announced private offering of $35 million in aggregate principal amount of its 9.625% Senior Secured Notes due 2023. The Notes constitute a further issuance of the 9.625% Senior Secured Notes due 2023, of which $400 million aggregate principal amount was issued on April 25, 2018.

LSB manufactures and sells chemical products for the agricultural, mining, and industrial markets. The company owns and operates facilities in Cherokee, Alabama, El Dorado, Arkansas and Pryor, Oklahoma, and operates a facility within a global chemical company’s complex in Baytown, Texas. LSB’s products are sold through distributors and directly to end customers throughout the United States.

The Willkie team for the offering was led by partners Leonard Klingbaum and Cristopher Greer and included associates Julian Golay and Ransel Potter. The same Willkie team previously advised LSB on its $400 million Rule 144A debt offering completed in April 2018.