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CHEMTRADE LOGISTICS INCOME FUND PROVIDES REMINDER OF UPCOMING EXPIRATION TIME OF ITS SUBSTANTIAL ISSUER BIDS FOR ITS 6.25% CONVERTIBLE UNSECURED SUBORDINATED DEBENTURES DUE AUGUST 31, 2027 AND 7.00% CONVERTIBLE UNSECURED SUBORDINATED DEBENTURES DUE JUNE 30, 2028
CHEMTRADE LOGISTICS INCOME FUND PROVIDES REMINDER OF UPCOMING EXPIRATION TIME OF ITS SUBSTANTIAL ...
About this update from Chemtrade Logistics Income Fund
[{"type":"text","content":"\n\n\nCHEMTRADE LOGISTICS INCOME FUND PROVIDES REMINDER OF UPCOMING EXPIRATION TIME OF ITS SUBSTANTIAL ISSUER BIDS FOR ITS 6.25% CONVERTIBLE UNSECURED SUBORDINATED DEBENTURES DUE AUGUST 31, 2027 AND 7.00% CONVERTIBLE UNSECURED SUBORDINATED DEBENTURES DUE JUNE 30, 2028\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.prnml40{\nMARGIN-LEFT:3.33em !IMPORTANT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./\nTORONTO, Oct. 20, 2025 /CNW/ - Chemtrade Logistics Income Fund (TSX: CHE.UN) (\"Chemtrade\" or the \"Fund\") today provides a reminder of its previously announced offers to purchase for cancellation: (i) up to all of its issued and outstanding 6.25% Convertible Unsecured Subordinated Debentures due August 31, 2027 (CUSIP No. 16387PAL7) (the \"2027 Debentures\" and such offer, the \"2027 Offer\") and (ii) up to all of its issued and outstanding 7.00% Convertible Unsecured Subordinated Debentures due June 30, 2028 (CUSIP No. 16387PAM5) (the \"2028 Debentures\" and such offer, the \"2028 Offer\").\nThe 2027 Offer and 2028 Offer (collectively, the \"Offers\") will each expire at 5:00 p.m. Eastern time on November 3, 2025.\nSummary of the 2027 Offer and Redemption of 2027 Debentures\nUnder the 2027 Offer, the Fund is offering to purchase for cancellation all of the 2027 Debentures at a purchase price of $1,340 in cash per $1,000 principal amount of 2027 Debentures (the \"2027 Offer Price\"). Holders of 2027 Debentures who validly tender and do not withdraw their 2027 Debentures under the 2027 Offer will receive the 2027 Offer Price, plus a cash payment in respect of all accrued and unpaid interest on such 2027 Debentures up to, but excluding, the date they are taken up by the Fund pursuant to the 2027 Offer. The 2027 Offer is not conditional upon a minimum number of 2027 Debentures tendered.\nThe Fund also previously announced that it will redeem on November 4, 2025 (the \"Mandatory Redemption Date\"), all of its issued and outstanding 2027 Debentures in accordance with the te...