Superior Plus to reduce revolver borrowings via senior note proceeds

By Sarah Lizee

Olympia, Wash., Jan. 31 – Superior Plus Corp. plans to reduce the outstanding balance under Superior Plus LP’s revolving credit facility using proceeds from an offering of C$220 million of 5 1/8% senior notes due Aug. 27, 2025, according to a press release.

Superior LP, however, expects to draw down the revolver to repay some or all of its $200 million of outstanding 6½% senior notes due Dec. 9, 2021.

Superior Plus is a Toronto-based company that distributes propane and distillates and manufactures specialty chemicals.

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