/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE
SERVICES OR DISSEMINATION IN THE UNITED
STATES./
TORONTO, Dec. 30,
2021 /CNW/ - Chemtrade Logistics Income Fund
(TSX: CHE.UN) ("Chemtrade" or the "Fund") announced
today that it has completed the issue and sale of an additional
$10 million aggregate principal
amount of 6.25% convertible unsecured subordinated debentures (the
"Debentures") due August 31,
2027 at a price of $1,000 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 $120 million
aggregate principal amount of Debentures that closed on
December 15, 2021. Together with the
Debentures issued on December 15,
2021, Chemtrade has issued a total of $130 million aggregate principal amount of
Debentures.
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 the United States 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
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 would be
unlawful.
About Chemtrade
Chemtrade 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, spent acid processing services,
inorganic coagulants for water treatment, sodium chlorate, sodium
nitrite, sodium hydrosulphite, and phosphorus pentasulphide.
Chemtrade is a leading regional supplier of sulphur, chlor-alkali
products, liquid sulphur dioxide and zinc oxide. Additionally,
Chemtrade provides industrial services such as processing
by-products and waste streams.
Website: www.chemtradelogistics.com
SOURCE Chemtrade Logistics Income Fund
