Business
CHEMTRADE ANNOUNCES CLOSING OF ADDITIONAL $125 MILLION SENIOR UNSECURED NOTES OFFERING
CHEMTRADE ANNOUNCES CLOSING OF ADDITIONAL $125 MILLION SENIOR UNSECURED NOTES OFFERING ...
About this update from Chemtrade Logistics Income Fund
[{"type":"text","content":"\n\n\n\n CHEMTRADE ANNOUNCES CLOSING OF ADDITIONAL $125 MILLION SENIOR UNSECURED NOTES OFFERING\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n Jan. 16, 2025\n \n\n /CNW/ - Chemtrade Logistics Income Fund (the \"\n \n Fund\n \n \") (TSX: CHE.UN) announced today that its wholly-owned subsidiary, Chemtrade Logistics Inc. (the \"\n \n Company\n \n \" and together with the Fund, \"\n \n Chemtrade\n \n \") has successfully closed its previously announced private placement offering (the \"\n \n Offering\n \n \") of an additional\n \n $125 million\n \n aggregate principal amount of 6.375% Senior Unsecured Notes due\n \n August 28, 2029\n \n of the Company (the \"\n \n Notes\n \n \"), resulting in a combined\n \n $375 million\n \n aggregate principal amount of 6.375% Senior Unsecured Notes due\n \n August 28, 2029\n \n outstanding. As previously stated, the Company will utilize the proceeds of the Offering to reduce indebtedness and for general corporate purposes.\n \n\n The Offering was underwritten by a syndicate of underwriters led by National Bank Financial Markets and BMO Capital Markets.\n \n\n The Notes were offered for sale in\n \n Canada\n \n on a private placement basis and to qualified institutional buyers pursuant to Rule 144A in\n \n the United States\n \n . The Notes have not been registered under the U.S. Securities Act of 1933, as amended and may not be offered or sold in\n \n the United States\n \n absent registration or an applicable exemption from the registration requirements.\n \n\n\n About Chemtrade\n \n\n\n Chemtrade operates a diversified business providing industrial chemicals and services to customers in\n \n North America\n \n and around the world. Chemtrade is one of\n \n North America's\n \n largest suppliers of sulphuric acid, regen acid processing services, inorganic coagulants for water treatment, sodium chlorate, sodium nitrite and sodium hy...