Chemtrade Logistics Income Fund Redeems 5.75% Convertible Unsecured Debentures
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Toronto, Ontario – (May 11, 2017) — Chemtrade Logistics Income Fund (“Chemtrade” or the “Fund”) (TSX: CHE.UN) announced today that it has redeemed $79,590,000 aggregate principal amount of its 5.75% convertible unsecured debentures due December 31, 2018 (the “5.75% Debentures”), representing a redemption in full of all of the outstanding 5.75% Debentures. The 5.75% Debentures were redeemed today (the “Redemption Date”) at a total redemption price of $1,000 plus accrued and unpaid interest of $20.63699, both per $1,000 principal amount, for a total aggregate redemption price of $81,232,498.03.
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, potassium chloride, and zinc oxide. Additionally, Chemtrade provides industrial services such as processing by-products and waste streams.
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For further information:
President & CEO
Tel: (416) 496-4176
Vice President, Finance & CFO
Tel: (416) 496-4177