Chemtrade Logistics Income Fund Announces $75 Million Bought Deal Equity Offering

Provided By Globe Newswire

Last update: Aug 15, 2022

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TORONTO, Aug. 15, 2022 (GLOBE NEWSWIRE) -- Chemtrade Logistics Income Fund (“Chemtrade” or the “Fund”) (TSX: CHE.UN) announced today that it has entered into an agreement to sell to a syndicate of underwriters led by BMO Capital Markets and RBC Capital Markets (collectively, the “Underwriters”), on a bought deal basis, 8,700,000 trust units (the “Trust Units”), at a price of $8.65 per Trust Unit (the “Offering Price”) for gross proceeds of approximately $75.3 million (the “Offering”). The Fund has also granted the Underwriters the option to purchase up to $11.3 million of additional Trust Units at the Offering Price to cover over-allotments, exercisable in whole or in part any time up to 30 days following closing of the Offering.