TORONTO, Ontario, December 4, 2013 – Chemtrade Logistics Income Fund (TSX: CHE.UN) today announced that it will acquire General Chemical Holding Company for US$860 million in cash. Chemtrade intends to finance the acquisition through a combination of US $1.0 billion syndicated senior secured credit facilities, and an approximate Cdn$300 million equity raise.
Chemtrade will hold a conference call on Wednesday, December 4, 2013 at 10:00 a.m. EST to review the acquisition. To access the conference call by telephone, dial (416) 764-8652 or 1-888- 396-8063. Please connect approximately 15 minutes prior to the beginning of the call to ensure participation. The conference call will be archived for replay until January 4, 2014. To access the archived conference call, dial 416-764-8691 or 1-877-674-6060 and enter the reservation number 691955.
A live audio webcast of the conference call and slide presentation will be available at www.chemtradelogistics.com and www.newswire.ca.
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For further information:
President & CEO
Tel: (416) 496-4176
Vice President, Finance & CFO
Tel: (416) 496-4177