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Chemtrade Electrochem Inc. (formerly Canexus Corporation) redeems remaining 5.75% debentures and confirms delisting of 5.75% debentures, 6.00% debentures and 6.50% debentures
Chemtrade Electrochem Inc. (formerly Canexus Corporation) redeems remaining 5.75% debentur...
About this update from Chemtrade Logistics Income Fund
[{"type":"text","content":"\n\n\n\nChemtrade Electrochem Inc. (formerly Canexus Corporation) redeems remaining 5.75% debentures and confirms delisting of 5.75% debentures, 6.00% debentures and 6.50% 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\nCALGARY, May 15, 2017\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\n\n\n\nCALGARY, May 15, 2017 /CNW/ - Chemtrade Electrochem Inc. (formerly Canexus Corporation) (\"Chemtrade Electrochem\") and Chemtrade Logistics Income Fund (TSX: CHE.UN) (\"Chemtrade\") announced today that Chemtrade Electrochem has redeemed $14,112,000 aggregate principal amount of its 5.75% Convertible Unsecured Subordinated Series IV Debentures due December 31, 2018 (the \"5.75% Debentures\"), representing a redemption in full of all of the outstanding 5.75% Debentures following the acquisition of 5.75% Debentures on May 10, 2017 pursuant to its previously announced change of control offers. The outstanding 5.75% Debentures were redeemed today (the \"Redemption Date\") at a total redemption price of $1,021.267123 for each $1,000 principal amount of 5.75% Debentures, being equal to the aggregate of (i) $1,000 and (ii) all accrued and unpaid interest thereon to but excluding the Redemption Date, for a total aggregate redemption price of  $14,412,121.64. \n\nAs previously announced, the 5.75% Debentures were delisted at the close of trading today along with Chemtrade Electrochem's 6.00% Convertible Unsecured Subordinated Series V Debentures due December 31, 2020 and 6.50% Convertible Unsecured Subordinated Series VI Debentures due December 31, 2021.\n\nAbout Chemtrade Electrochem\n\nChemtrade Electrochem is an indirect wholly-owned subsidiary of Chemtrade that produces sodium chlorate and chlor-alkali products largely for the pulp and paper and water treatment industries.\n\nAbout Chemtrade\n\nChemtrade operates a diversified business providing industrial chemicals and services to customers in North America and around the world. Chemtrade is one of North America's larges...