Chemtrade to use credit facility borrowings to redeem convertibles

By Sarah Lizee

Olympia, Wash., Nov. 25 – Chemtrade Electrochem Inc. plans to use borrowings under its credit facilities to fund the redemption of its outstanding 6.5% convertible subordinated series VI debentures on Jan. 3, according to a press release.

Chemtrade Electrochem is an indirect wholly owned subsidiary of Chemtrade Logistics Income Fund, a Calgary, Alta., supplier of industrial chemicals and services.

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