Chemtrade to draw down on revolver for convertibles redemption

By Wendy Van Sickle

Columbus, Ohio, May 10 – Chemtrade Logistics Income Fund will draw down on its revolving credit facility to fund a portion of its redemption of its remaining outstanding C$101,115,000 of 4.75% convertible subordinated debentures due May 31, 2024 on June 30, according to a press release.

The company will also use cash on hand to fund the redemption.

Chemtrade Logistics Income Fund is a Calgary, Alta., supplier of industrial chemicals and services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.