LSB Industries buys back $6 million 5.5% convertibles

By Angela McDaniels

Tacoma, Wash., Nov. 19 - LSB Industries, Inc. said it purchased $6 million of its 5.5% convertible senior subordinated debentures due 2012 on Monday for $4.13 million plus $127,417 of accrued interest.

The company used working capital to fund the purchase, according to an 8-K filing with the Securities and Exchange Commission.

Following the purchase, $49 million of the debentures remain outstanding

LSB is an Oklahoma City-based manufacturer of climate-control products.

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