New York, July 23, 2013 -- Moody's Investors Service assigned a first time Ba3 Corporate Family Rating (CFR) to LSB Industries, Inc., ("LSB") and a Ba3 rating to the company's proposed guaranteed senior unsecured notes due 2021. Proceeds from the new debt offering will be used to repay certain existing debt, pre-fund planned capacity expansion projects and pay expenses. Moody's also assigned a Speculative Grade Liquidity assessment of SGL-2. The rating outlook is stable. LSB Industries, Inc. is a publicly traded company (NYSE: LXU).
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