Chemtrade Logistics Income Fund (TSX: CHE.UN) has completed its previously announced bought deal offering of 21.8 million subscription receipts at $18.35 per subscription receipt for gross proceeds of approximately $400 million.
Net proceeds of the offering will be used to partially fund Chemtrade’s previously announced acquisition of Canexus Corporation (TSX: CUS) which is expected to close in the first quarter of 2017.
The offering was led by BMO Capital Markets. Osler, Hoskin & Harcourt LLP and Torys LLP acted as legal counsels to Chemtrade and the underwriters respectively.
Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.
Latest posts by Ted Liu (see all)
- Link Global Technologies files for $1.5M IPO on CSE - January 17, 2019
- Altas Partners sells NSC Minerals to PE-backed Kissner Group - January 17, 2019
- K1 Investment’s PerfectServ acquires Telmediq - January 17, 2019