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

LSB Industries, Inc. LXU today announced that it has notified the trustee of its redemption of its outstanding 5.5% Convertible Senior Subordinated Debentures due 2012. The redemption date is set for October 14, 2011. 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.