Current Report Filing (8-k)
October 14 2016 - 3:08PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT
TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 14, 2016
LSB INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
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Delaware
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1-7677
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73-1015226
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
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16 South Pennsylvania Avenue,
Oklahoma City, Oklahoma 73107
Registrants telephone number, including area code: (405) 235-4546
Not Applicable
Former
name or former address, if changed since last report
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 1.02
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Termination of a Material Definitive Agreement.
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On October 14, 2016, LSB
Industries, Inc. (the Company) redeemed all of its outstanding $50,000,000 in aggregate principal amount of 12.0% Senior Secured Notes due 2019 (the 12.0% Notes) at a redemption price of 106% of the principal amount, plus
accrued and unpaid interest to the redemption date (the 12.0% Notes Redemption). In connection with the 12.0% Notes Redemption, the agreement that governs the 12.0% Notes, the Note Purchase Agreement, dated November 9, 2015, by and
among the Company, the guarantors party thereto and LSB Funding LLC, was terminated.
On October 14, 2016, the Company redeemed $50,000,000 in aggregate
principal amount of the Companys 7.75% Senior Secured Notes due 2019 (the 7.75% Notes) at a redemption price of 103.875% of the principal amount, plus accrued and unpaid interest to the redemption date (the 7.75% Notes
Redemption). As previously disclosed, effective immediately after the 7.75% Notes Redemption, the interest rate with respect to all remaining outstanding 7.75% Notes was increased to 8.50% per annum, with retroactive effect to
August 1, 2016.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Dated: October 14, 2016
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LSB INDUSTRIES, INC.
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By:
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/s/ Mark T. Behrman
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Name:
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Mark T. Behrman
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Title:
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Executive Vice President of Finance
and
Chief Financial Officer
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