LSB Industries enters $75M secured credit facility with JPMorgan, replaces $65M Wells Fargo facility

In connection with the closing of the New Revolving Credit Facility, effective as of December 21, 2022, the Company has satisfied and discharged all obligations under, and terminated all commitments under, the Company’s existing $65 million secured revolving credit facility (the “Existing Revolving Credit Facility”) pursuant to the Third Amended and Restated Loan and Security Agreement, dated as of January 17, 2017 (as amended from time to time, the “Existing Revolving Credit Agreement”), by and between the Company, each of the Company’s subsidiaries signatory thereto, the lenders identified on the signature pages thereof and Wells Fargo Capital Finance, LLC, as the administrative agent (the “Existing Revolving Agent”)

On December 21, 2023, LSB Industries, Inc., a Delaware corporation (the “Company”) and each of the Company’s subsidiaries signatory thereto entered into a credit agreement (the “New Revolving Credit Agreement”) with the lenders identified on the signature pages thereof and JPMorgan Chase Bank, N.A, as administrative agent (the “New Revolving Agent”). The New Revolving Credit Agreement provides for a secured revolving credit facility (the “New Revolving Credit Facility”) in an initial maximum principal amount of up to $75 million, with an option to increase the maximum principal amount by up to $25 million (which amount is uncommitted).