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LSB INDUSTRIES, INC. ANNOUNCES REDEMPTION OF ITS 13-3/4 PERCENT SUBORDINATED DEBENTURES DUE 1995

 OKLAHOMA CITY, June 2 /PRNewswire/ -- On June 1, 1993, LSB Industries, Inc. (AMEX: LSB) ("LSB") called for redemption of all of its outstanding shares of 13-3/4 percent Subordinated Debentures due 1995 ("Debentures"). The Debentures are to be redeemed on July 1, 1993. Each outstanding Debenture will be redeemed at $1,000, the principal amount of such Debenture, plus accrued and unpaid interest on the Debenture to the redemption date of July 1, 1993. Payment of the redemption price to a holder of a Debenture will be made on or after July 1, 1993, upon surrender by the holder of the Debenture to the trustee, Liberty Bank and Trust Company of Oklahoma City, N.A. From and after July 1, 1993, interest will cease to accrue on all of the outstanding Debentures. There are currently outstanding approximately $2.2 million in outstanding Debentures.
 LSB is a diversified company engaged in a variety of manufacturing, engineering, marketing and financial service activities on a world wide basis. LSB's principal business activities consist of the manufacture and sale of chemical products for the explosives, agricultural and industrial markets, commercial and residential air conditioning products, automotive and industrial products and the financial services business. LSB's common stock and debentures are listed for trading on the American Stock Exchange.
 -0- 6/2/93
 /CONTACT: Tony M. Shelby, chief financial officer of LSB Industries, Inc., 405-235-4546/
 (LSB)


CO: LSB Industries, Inc. ST: Oklahoma IN: SU:

SH -- NY071 -- 4576 06/02/93 15:52 EDT
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Publication:PR Newswire
Date:Jun 2, 1993
Words:248
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