Chemtrade closes $460M acquisition financing

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 Liu
Ted Liu, M.Sc. (Mining), MBA (Finance), is the Editor of Private Capital Journal, TechnologyMetals.ca, GoldSilverMetals.ca, and former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA). Ted was the architect of CVCA infobase, and is the architect of sophisticated and advanced CPE Media Private Capital Dealbase. Ted is President of CPE Media Inc., Canada's independent, trusted and unbiased data provider tracking Canadian VC/PE, private capital industry and public market.
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