Not for distribution to U.S. news wire services or dissemination in the United States.
Chemtrade Logistics Income Fund (TSX: CHE.UN) (“Chemtrade” or the “Fund“) announced today that it has completed a further early partial redemption of $12.5 million of its 5.25% convertible unsecured subordinated debentures due June 30, 2021 (the “2021 Debentures“). The Fund previously redeemed $100.0 million of its outstanding 2021 Debentures on September 29, 2020. Following completion of today’s redemption, $14.0 million aggregate principal amount of the 2021 Debentures remain outstanding.
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