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Chemtrade Announces Satisfaction of Certain Conditions Relating to the Offers to Purchase Chemtrade Electrochem Inc. (formerly Canexus Corporation) Convertible Debentures in Exchange For New Chemtrade Convertible Debentures
Chemtrade Announces Satisfaction of Certain Conditions Relating to the Offers to Purchase ...
About this update from Chemtrade Logistics Income Fund
[{"type":"text","content":"\n\n\n\nChemtrade Announces Satisfaction of Certain Conditions Relating to the Offers to Purchase Chemtrade Electrochem Inc. (formerly Canexus Corporation) Convertible Debentures in Exchange For New Chemtrade Convertible Debentures\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\nCanada NewsWire\nTORONTO, Aug. 8, 2017\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\n\n\n\nTORONTO, Aug. 8, 2017 /CNW/ - Chemtrade Logistics Income Fund (TSX:CHE.UN) (\"Chemtrade\" or the \"Fund\") announced today that it has satisfied two key conditions precedent in connection with the Fund's offer to purchase (i) all of the outstanding 6.00% Convertible Unsecured Subordinated Series V Debentures due December 31, 2020 of Chemtrade Electrochem Inc. (formerly Canexus Corporation) (\"CEI\") (the \"CEI Series V Debentures\") (the \"Series V Offer\"), and (ii) all of the outstanding 6.50% Convertible Unsecured Subordinated Series VI Debentures due December 31, 2021 of CEI (the \"CEI Series VI Debentures\" and together with the CEI Series V Debentures, the \"CEI Debentures\") (the \"Series VI Offer\" and together with the Series V Offer, the \"Offers\"). \n\nOn July 21, 2017, the Toronto Stock Exchange (the \"TSX\") conditionally approved the listing on the TSX of: (i) the 5.50% convertible unsecured subordinated debentures due December 31, 2020 of the Fund (the \"Chemtrade 5.50% Debentures\") to be issued to holders of CEI Series V Debentures tendered to the Series V Offer and the units of the Fund issuable on a conversion, redemption or repayment at maturity of the Chemtrade 5.50% Debentures; and (ii) the 5.75% convertible unsecured subordinated debentures due December 31, 2021 of the Fund (the \"Chemtrade 5.75% Debentures\" and together with the Chemtrade 5.50% Debentures, the \"Chemtrade Debentures\") to be issued to holders of CEI Series VI Debentures tendered to the Series VI Offer and the units of the Fund issuable on a conversion, redemption or repayment at maturity of the Chemtrade 5.75% Debentures. List...