secwatch.observer — SEC 8-K summary
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Issuer:     LSB INDUSTRIES, INC. (LXU)
CIK:        0000060714
Form:       8-K
Filed at:   2023-12-26T23:59:59+00:00
Accession:  0001193125-23-303035
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LSB Industries enters $75M secured credit facility with JPMorgan, replaces $65M Wells Fargo facility
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- New $75M asset-based revolving credit facility (expandable to $100M) with JPMorgan Chase as agent.
- Replaces existing $65M facility with Wells Fargo; no termination penalties incurred.
- Facility matures December 21, 2028, with springing maturity to 90 days before senior notes maturity.
- Borrowing base subject to $7.5M availability block; interest at SOFR + 1.625% or prime + 1.625%.
- No amounts drawn at closing; existing letters of credit fully cash collateralized.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/60714/000119312523303035/0001193125-23-303035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/60714/000119312523303035/d669761d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-303035

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