The CIT Group, Inc. (NJ) 650 CIT Drive Livingston, NJ 07039 CIT August 4, 2000 Jim Jones Vice President and Treasurer LSB Industries 16 South Pennsylvania Avenue Oklahoma City, OK 73107 Dear Mr. Jones: Reference is made to that certain Loan Agreement...Loan Agreement • August 14th, 2000 • LSB Industries Inc • Industrial inorganic chemicals
Reference is made to that certain Loan Agreement dated October 31, 1994, as amended (the "Agreement") between DSN Corporation, ("Debtor"), and the CIT Group/Equipment Financing, Inc. ("CIT"). Debtor has advised CIT that LSB Industries, Inc., a guarantor of Debtor's obligations to CIT were not in compliance with certain convenants as of June 30, 2000.
