- Chemtrade Logistics Income Fund (CHE.UN) has completed a public offering of trust units for gross proceeds of approximately $86.5 million
- The offering consisted of 10,005,000 trust units priced at $8.65 per unit
- The syndicate of underwriters led by BMO Capital Markets and RBC Capital Markets, exercised the over-allotment in full
- Net proceeds will partially finance Chemtrade’s ultrapure sulphuric acid growth projects in Ohio and Nevada
- Chemtrade provides industrial chemicals and services to customers in North America and worldwide
- Chemtrade Logistics Income Fund (CHE.UN) opened trading at C$121.00
Chemtrade Logistics Income Fund (CHE.UN) has completed a public offering of trust units for gross proceeds of approximately $86.5 million.
The offering consisted of 10,005,000 trust units priced at $8.65 per unit.
The trust units were sold to a syndicate of underwriters led by BMO Capital Markets and RBC Capital Markets, which included CIBC Capital Markets, National Bank Financial Inc., Scotiabank, TD Securities Inc. and Desjardins Securities Inc.
The underwriters elected to exercise the over-allotment option in full.
Net proceeds will partially finance Chemtrade’s ultrapure sulphuric acid growth projects to expand capacity at its existing Ohio plant and build a new plant in Arizona.
Chemtrade provides industrial chemicals and services to customers in North America and worldwide. 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 also the largest supplier of high purity sulphuric acid for the semiconductor industry in North America.
Chemtrade Logistics Income Fund (CHE.UN) opened trading at C$121.00.