Business
CHEMTRADE LOGISTICS INCOME FUND ANNOUNCES CLOSING OF OVER-ALLOTMENT OPTION FOR ADDITIONAL PROCEEDS OF $10 MILLION IN CONNECTION WITH RECENTLY COMPLETED OFFERING OF CONVERTIBLE DEBENTURES
CHEMTRADE LOGISTICS INCOME FUND ANNOUNCES CLOSING OF OVER-ALLOTMENT OPTION FOR ADDITIONAL...
About this update from Chemtrade Logistics Income Fund
[{"type":"text","content":"\n \n \n \n CHEMTRADE LOGISTICS INCOME FUND ANNOUNCES CLOSING OF OVER-ALLOTMENT OPTION FOR ADDITIONAL PROCEEDS OF $10 MILLION IN CONNECTION WITH RECENTLY COMPLETED OFFERING OF CONVERTIBLE DEBENTURES\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 Dec. 30, 2021\n \n \n /CNW/ - Chemtrade Logistics Income Fund (TSX: CHE.UN) (\"\n \n Chemtrade\n \n \" or the \"\n \n Fund\n \n \") announced today that it has completed the issue and sale of an additional\n \n $10 million\n \n aggregate principal amount of 6.25% convertible unsecured subordinated debentures (the \"\n \n Debentures\n \n \") due\n \n August 31, 2027\n \n at a price of\n \n $1,000\n \n per Debenture. The Debentures were issued pursuant to the partial exercise of the over-allotment option granted to the syndicate of underwriters, led by RBC Capital Markets, National Bank Financial Inc., BMO Capital Markets, CIBC Capital Markets, Scotiabank, and TD Securities Inc., in connection with Chemtrade's recently completed public offering of\n \n $120 million\n \n aggregate principal amount of Debentures that closed on\n \n December 15, 2021\n \n . Together with the Debentures issued on\n \n December 15, 2021\n \n , Chemtrade has issued a total of\n \n $130 million\n \n aggregate principal amount of Debentures.\n \n \n The securities offered 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. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in\n \n the United States\n \n , nor shall there be any offer, solicitation or sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.\n \n \n \n About Chemtrade\n \n \n \n Chemtrade operates...