CHEMTRADE LOGISTICS INCOME FUND ANNOUNCES PRICING OF A $250 MILLION SENIOR UNSECURED NOTE OFFERING BY ITS WHOLLY-OWNED SUBSIDIARY, CHEMTRADE LOGISTICS INC.
CHEMTRADE LOGISTICS INCOME FUND ANNOUNCES PRICING OF A $250 MILLION SENIOR UNSECURED NOTE OFFERING BY ITS WHOLLY-OWNED SUBSIDIARY, CHEMTRADE LOGISTICS INC.
/Not for distribution to U.S. news wire services or dissemination in the United States./
不得在美国新闻线服务或在美国传播。
TORONTO, Aug. 21, 2024 /CNW/ - Chemtrade Logistics Income Fund (the "Fund") (TSX: CHE.UN) announced today that its wholly-owned subsidiary, Chemtrade Logistics Inc. (the "Company" and together with the Fund, "Chemtrade") has entered into an underwriting agreement to sell $250 million principal amount of Senior Unsecured Notes due 2029 of the Company (the "Notes") pursuant to a private placement offering (the "Offering"), at a price of $1,000 per $1,000 principal amount of Notes, with an interest rate of 6.375% per annum, payable semi-annually in arrears on February 28 and August 28, commencing on February 28, 2025. The Notes will be guaranteed by the Fund and certain of its subsidiaries.
多伦多,2024年8月21日,Chemtrade物流收入基金("基金")(TSX:CHE.UN)今日宣布,其全资子公司Chemtrade物流公司("公司"及与基金合并称"Chemtrade")已签署承销协议,以每1000美元的价格出售公司截至2029年到期的25000万美元无担保高级债券("债券"),透过定向增发("发行")。债券的年利率为6.375%,按年度向后支付,首次于2025年2月28日和8月28日支付。债券将由基金及其某些子公司担保。
The net proceeds of the Offering are intended to be used to reduce indebtedness under the Company's credit agreement and for general corporate purposes.
发行所得的净额拟用于减少公司信贷协议下的负债,以及一般企业用途。
"Over the last few years, Chemtrade has experienced substantial growth and a positive step-change in its business, resulting in robust cash flow generation and a strong balance sheet, and which has positioned us to successfully complete our inaugural offering of non-convertible debt in the Canadian debt capital markets," said Rohit Bhardwaj, Chemtrade's Chief Financial Officer. "Together with our previously announced substantial issuer bid and our recent notice of redemption for our outstanding 2025 debentures, this Offering reflects a further optimization of our capital structure as we move away from dilutive capital. This is a further step towards the execution of our long-term value creation strategies for unitholders. Once the 2025 debentures have been redeemed, we will have reduced the amount of convertible debentures outstanding by approximately 34% over the past two years."
"过去几年,Chemtrade经历了实质性增长和业务的积极变革,导致现金流的强劲生成和良好财务状况,并使我们成功完成了在加拿大债券资本市场首次发行非可转换债务。" Chemtrade的致富金融(临时代码)官Rohit Bhardwaj表示:"伴随着我们此前宣布的大规模发行人收购交易以及我们最近通知赎回我们未偿债务到2025年,本次发行反映了我们资本结构的进一步优化,使我们逐渐摆脱稀释性资本。这是我们为单位持有人长期价值创造战略的进一步一步。一旦2025年到期的债券已经赎回,我们将在过去两年内将未转换债务的金额减少约34%。"
The Offering is being made through a syndicate of underwriters led by National Bank Financial Markets and BMO Capital Markets.
发行通过由National Bank资本市场和BMO资本市场领导的承销团进行。
The Notes will be offered for sale in Canada on a private placement basis and may also be offered to qualified institutional buyers pursuant to Rule 144A in the United States. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any offer, solicitation or sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
债券将在加拿大以定向增发方式出售,并且也可以根据美国证券交易委员会《144A规则》向合格机构买家出售。所提供的证券未根据1933年修正案的美国证券法进行注册,并且在没有注册或适用的豁免情况下可能不在美国出售。此新闻稿不构成对在美国出售证券的要约,也不构成对在任何此类要约,征求意见或出售违反法律的司法管辖区的要约。
Subject to customary closing conditions, the Offering is expected to close on or about August 28, 2024.
根据常规的交割条件,预计本交易将于2024年8月28日前后结束。
About Chemtrade
关于Chemtrade
Chemtrade operates a diversified business providing industrial chemicals and services to customers in North America and around the world. Chemtrade is one of North America's largest suppliers of sulphuric acid, regen acid processing services, inorganic coagulants for water treatment, sodium chlorate, sodium nitrite and sodium hydrosulphite. Chemtrade is also the largest producer of high purity sulphuric acid for the semiconductor industry in North America. Chemtrade is a leading regional supplier of sulphur and chlor-alkali products. Additionally, Chemtrade provides industrial services such as processing by-products and waste streams.
Chemtrade经营多元化业务,为北美和全球客户提供工业化学品和服务。Chemtrade是北美最大的硫酸、再生酸处理服务、无机絮凝剂、次氯酸钠、亚硝酸钠和次亚硫酸钠供应商之一。Chemtrade还是北美半导体行业最大的高纯度硫酸生产商。Chemtrade是硫磺和氯碱产品的领先区域供应商。此外,Chemtrade还提供加工副产品和废渣等工业服务。
Caution Regarding Forward-Looking Statements
前瞻性声明的警告 - 本新闻稿包含某些前瞻性声明,包括有关私募定向增发收益使用的声明。这些声明受许多风险和不确定性的影响。实际结果可能与前瞻性声明所预期的结果有所不同。在依赖前瞻性声明作出决策时,投资者和其他人应认真考虑前述因素和其他不确定性,并不应过度依赖此类前瞻性声明。除适用法律规定外,该公司不承诺更新任何其自身或代表其进行的口头或书面的前瞻性声明。
Certain statements contained in this news release constitute forward-looking information within the meaning of certain securities laws, including the Securities Act (Ontario). Forward-looking information can be generally identified by the use of words such as "anticipate", "continue", "estimate", "expect", "expected", "intend", "may", "will", "project", "plan", "should", "believe" and similar expressions. Specifically, forward-looking information in this news release include statements respecting certain future expectations about: the Company's ability to close the Offering; the anticipated closing date of the Offering; and the expected use of proceeds of the Offering. Forward-looking statements in this news release describe the expectations of the Fund and its subsidiaries as of the date hereof. These statements are based on assumptions and involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements for a variety of reasons, including without limitation the risks and uncertainties detailed under the "Risk Factors" section of the Fund's latest Annual Information Form and the "Risks and Uncertainties" section of the Fund's most recent Management's Discussion & Analysis.
本新闻稿中的部分陈述构成根据某些证券法规的前瞻信息,包括《证券法》(安大略省)。前瞻信息通常可通过使用"anticipate"、"continue"、"estimate"、"expect"、"expected"、"intend"、"may"、"will"、"project"、"plan"、"should"、"believe"等词语来识别。具体而言,本新闻稿中的前瞻信息包括关于公司收购能力、收购预计截止日期以及收购资金的预期使用等方面的某些未来期望。本新闻稿中的前瞻性陈述描述了基金及其附属公司在此日期之前的期望。这些陈述是基于假设,并涉及已知和未知的风险、不确定性和其他因素,这些因素可能因各种原因使实际结果或事件与此类前瞻性陈述有所不同,包括但不限于基金最新年度信息文件的"风险因素"部分和基金最新的管理讨论和分析的"风险和不确定性"部分中详细列明的风险和不确定性。
Although the Fund believes the expectations reflected in these forward-looking statements and the assumptions upon which they are based are reasonable, no assurance can be given that actual results will be consistent with such forward-looking statements, and they should not be unduly relied upon. With respect to the forward-looking statements contained in this news release, the Fund has made assumptions regarding there being no significant disruptions affecting the operations of Chemtrade and its subsidiaries and global economic performance.
尽管基金认为这些前瞻性陈述所反映的预期及其所依据的假设是合理的,但无法保证实际结果与此类前瞻性陈述一致,并不应过分依赖。关于本新闻稿中包含的前瞻性陈述,基金已经做出了假设,即不会有任何重大干扰影响Chemtrade及其子公司的运营和全球经济表现。
Except as required by law, the Fund does not undertake to update or revise any forward-looking statements, whether as a result of new information, future events or for any other reason. The forward-looking information contained herein are expressly qualified in their entirety by this cautionary statement.
除法律要求外,基金不承诺更新或修订任何前瞻性陈述,不论是因为新信息、未来事件或其他任何原因。此处所包含的前瞻性信息完全受到此警告声明的限制。
Further information can be found in the disclosure documents filed by the Fund with the securities regulatory authorities, available at .
有关基金向证券监管机构提交的披露文件的进一步信息,请参阅。
SOURCE Chemtrade Logistics Income Fund
来源:Chemtrade Logistics Income Fund