LSB Industries, Inc. -- Moody's says LSB's Repayment of Preferred Stock Could Result in Downgrade

New York, August 15, 2016 -- On Friday, August 12, 2016LSB Industries, Inc. (B1, negative) issued an 8-k notice indicating that it is seeking consent from its note holders to be able to repay all or a material portion of its Series E preferred shares that are valued at $227 million, including principal and accrued interest, as of June 30, 2016. Moody's Investors Service says, the potential repayment of preferred stock at a time when financial metrics are extremely weak, and as the company continues to experience operating problems at its facilities, raises concerns regarding the appropriateness of the B1 CFR.

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