Business
Chemtrade Logistics Income Fund completes bought deal public offering of 5,405,000 trust units
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES ./...
About this update from Chemtrade Logistics Income Fund
[{"type":"text","content":"\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./\n\n\n\nTORONTO, Dec. 5, 2014 /CNW/ - Chemtrade Logistics Income Fund (TSX: CHE.UN) (\"Chemtrade\" or the \"Fund\") announced today that it has completed its previously-announced public offering of 5,405,000 trust units (the \"Trust Units\"), including 705,000 trust units issued pursuant to the exercise in full of the underwriters' over-allotment option, at a price of C$21.30 per Trust Unit for gross proceeds of C$115,126,500. The Trust Units were sold to a syndicate of underwriters led by BMO Capital Markets, and including Scotiabank, CIBC World Markets Inc., National Bank Financial Inc., TD Securities Inc., RBC Dominion Securities Inc., GMP Securities L.P. and Raymond James Ltd. on a bought deal basis.\n\nChemtrade will use the net proceeds of the offering to repay existing indebtedness and for general trust purposes. \n\nThe securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any offer, solicitation or sale of the securities in any jurisdiction in which such offer, solicitation or sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.\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 largest suppliers of sulphuric acid, inorganic coagulants for water treatment, liquid sulphur dioxide, sodium nitrite and sodium hydrosulphite.  Chemtrade is a leading processor of spent acid as well as a leading regional supplier of sulphur, sodium chlorate, phosphorus pentasulphide, and zinc oxide. Additionally, Chemtrade provides industrial services such as processing by-products and waste streams.\n\nCaution Regarding Forward-Looking Statements \n\nCertain statements contained in this news release constitute forward-looking information within the meaning of certain securities laws, including the Securities Act (Ontario) (\"forward-looki...