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Chemtrade Logistics Income Fund Announces Redemption and Intention to Commence a Substantial Issuer Bid for Its 6.25% Convertible Unsecured Subordinated Debentures Due August 31, 2027 and Intention to Commence a Substantial Issuer Bid for Its 7.00% Convertible Unsecured Subordinated Debentures Due June 30, 2028
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About this update from Chemtrade Logistics Income Fund
[{"type":"text","content":"Chemtrade Logistics Income Fund Announces Redemption and Intention to Commence a Substantial Issuer Bid for Its 6.25% Convertible Unsecured Subordinated Debentures Due August 31, 2027 and Intention to Commence a Substantial Issuer Bid for Its 7.00% Convertible Unsecured Subordinated Debentures Due June 30, 2028\n\n\n\n\n\n Not for distribution to U.S. news wire services or dissemination in the United States.\n \n\n\n\n TORONTO, Sept. 22, 2025 (GLOBE NEWSWIRE) -- Chemtrade Logistics Income Fund (TSX: CHE.UN) (“\n \n Chemtrade\n \n ” or the “\n \n Fund\n \n ”) today announced a series of strategic transactions aimed at optimizing its capital structure and reducing its exposure to convertible debt instruments. The Fund announced today the upcoming redemption of all of its issued and outstanding 6.25% Convertible Unsecured Subordinated Debentures due August 31, 2027 (CUSIP No. 16387PAL7) (the “\n \n 2027 Debentures\n \n ”) in accordance with the terms of the trust indenture, as amended and supplemented by supplemental indentures thereto (collectively, the “\n \n Indenture\n \n ”), pursuant to which they were issued. In addition, the Fund also declared its intention to commence a substantial issuer bid for all of its issued and outstanding 2027 Debentures and a substantial issuer bid for all of its issued and outstanding 7.00% Convertible Unsecured Subordinated Debentures due June 30, 2028 (CUSIP No. 16387PAM5) (the “\n \n 2028 Debentures\n \n ”).\n \n\n\n\n Redemption of 2027 Debentures and Summary of Terms of the 2027 Offer\n \n\n\n\n The Fund announced that it will redeem on November 4, 2025 (the “\n \n Mandatory Redemption Date\n \n ”) all of its issued and outstanding 2027 Debentures in accordance with the terms of the Indenture pursuant to which they were issued (the “\n \n Redemption\n \n ”). Formal notice of redemption is being delivered to the holders of the 2027 Debentures today in accordance with the terms of the Indenture. On the Mandatory Redemption Date, holders of the 2027 Debentures will receive approximately $1,011.1301370 for each $1,000 principal amount of 2027 Debentures (the “\n \n Redemption Price\n \n ”), representing their par value, plus all accrued and unpaid interest thereon to but excluding the M...