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, Inc. (the “Company”) (NYSE: LXU) announced that it has filed a renewal of its universal shelf registration statement on Form S-3 with the Securities and Exchange Commission (the “SEC”). The automatic universal shelf registration statement became effective upon filing and replaces the Company’s existing shelf registration statement. The automatic universal shelf registration statement permits the Company to offer and sell, from time to time, on a continuous or delayed basis in the future, up to $200 million of equity, debt or other types of securities described in the shelf registration statement, or any combination of such securities, in one or more future public offerings. The Company’s existing shelf registration statement, which expires on November 20, 2012, also permitted the Company to offer up to $200 million of securities.
The Company believes that the shelf registration statement provides it with continued financial flexibility. The Company does not have any current plans to sell securities under the new shelf registration statement. If and when the Company offers any securities under the new registration statement, the Company will prepare and make available a prospectus supplement that includes the specific terms of the securities being offered, the use of proceeds and other terms of the offering.
The Company is a manufacturer and marketing company. The Company’s principal business activities consist of the manufacture and sale of commercial and residential climate control products, such as geothermal and water source heat pumps, hydronic fan coils, modular geothermal chillers and large custom air handlers, and the manufacture and sale of chemical products for the agricultural, mining and industrial markets.
This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state.
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Act of 1995. These forward-looking statements generally are identifiable by use of the words “believe,” “expects,” “intends,” “anticipates,” “plans to,” “estimates,” “projects” or similar expressions, and such forward-looking statements include, but are not limited to, that this shelf registration provides the Company with continued financial flexibility. Investors are cautioned that such forward-looking statements are not guarantees of future performance and involve risk and uncertainties, and that actual results may differ materially from the forward-looking statements as a result of various factors, including, but not limited to, changes in the U.S. and/or global financial markets, changes in regulatory requirements, changes in legislation adversely affecting our industries or our ability to offer and sell securities, changes in market interest rates, customer acceptances of our products or services, competition, and other factors set forth under “Risk Factors” in Item 1A of Part 1 and under “A Special Note Regarding Forward-Looking Statements” contained in the Form 10-K for year ended December 31, 2011, and Forms 10-Q for the periods ended March 31, 2012, June 30, 2012, and September 30, 2012, for discussions of a variety of factors which could cause the future outcome to differ materially from the forward-looking statements contained in this report.