This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

LSB Industries Announces Redemption Of Its 5.5% Convertible Senior Subordinated Debentures Due 2012

Third graph, second sentence of release should read: On August 25, 2011, the last reported sale price of our common stock on the New York Stock Exchange was $34.04 per share (sted On August 25, 2011, the last reported sale price of our common stock on the New York Stock Exchange was $38.75 per share).

The corrected release reads:


LSB Industries, Inc. (the “Company”) (NYSE: LXU) today announced that it has notified the trustee of its redemption of its outstanding 5.5% Convertible Senior Subordinated Debentures due 2012 (CUSIP Nos. 502160 AG9 and 502160 AF1) (the “Debentures”). The redemption date is set for October 14, 2011 (“Redemption Date”). The redemption will be effective in accordance with the terms of the indenture governing the Debentures at a redemption price of 100.00% of the principal amount of the Debentures plus any accrued and unpaid interest to, but excluding, the Redemption Date. The redemption of the Debentures and payment of accrued interest will be funded in cash from the Company’s working capital. As of the date of this press release, there are $500,000 outstanding of Debentures.

This press release shall not constitute a notice of redemption of the Debentures. A notice of redemption may only be made by a Notice of Redemption provided by the trustee to the holders of the Debentures.

Subject to and in accordance with the terms and conditions set forth in the indenture governing the Debentures, holders of Debentures have the right to convert their Debentures at any time until 5:00 p.m., New York City time, on October 13, 2011, at a conversion rate of 36.4 shares of our common stock per $1,000 principal amount of Debentures (equivalent to a conversion price of approximately $27.47 per share). On August 25, 2011, the last reported sale price of our common stock on the New York Stock Exchange was $34.04 per share.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs