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CHEMTRADE LOGISTICS INCOME FUND ANNOUNCES PRICING OF A $250 MILLION SENIOR UNSECURED NOTE OFFERING BY ITS WHOLLY-OWNED SUBSIDIARY, CHEMTRADE LOGISTICS INC.
CHEMTRADE LOGISTICS INCOME FUND ANNOUNCES PRICING OF A $250 MILLION SENIOR UNSECURED NOTE OFFERIN...
About this update from Chemtrade Logistics Income Fund
[{"type":"text","content":"\n\n\n\n CHEMTRADE LOGISTICS INCOME FUND ANNOUNCES PRICING OF A $250 MILLION SENIOR UNSECURED NOTE OFFERING BY ITS WHOLLY-OWNED SUBSIDIARY, CHEMTRADE LOGISTICS INC.\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 Sept. 23, 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 priced a private placement offering (the \"\n \n Offering\n \n \") of\n \n $250 million\n \n principal amount of Senior Unsecured Notes due 2032 of the Company (the \"\n \n Notes\n \n \"). The Notes will be sold at a price of\n \n $1,000\n \n per\n \n $1,000\n \n principal amount of Notes, bearing interest at a fixed rate of 5.750% per annum, payable semi-annually in arrears on April 1 and\n \n October 1\n \n , commencing on\n \n April 1, 2026\n \n . The Notes will be guaranteed by the Fund and certain of its subsidiaries.\n \n\n The net proceeds of the Offering are intended to be used to repay indebtedness and for general corporate purposes.\n \n\n \"We recently announced a series of transactions to reduce our exposure to dilutive capital, including a redemption and substantial issuer bid for our outstanding 2027 convertible debentures and a substantial issuer bid for our outstanding 2028 convertible debentures. Those transactions are intended to minimize conversions that may dilute our unitholders\", said\n \n Rohit Bhardwaj\n \n , Chemtrade's Chief Financial Officer.  He added, \"This Offering is another step in furtherance of our capital optimization strategy and maturing our balance sheet by introducing long-tenor non-dilutive debt.\"\n \n\n The Offering is being made through a syndicate of underwriters led by National Bank Capital Markets and BMO Capital Markets, as join...