Chemtrade Logistics Income Fund completes bought deal financing

Torys acted as counsel to the syndicate of underwriters led by BMO Capital Markets with a team that included Jamie Scarlett, Glen Johnson, Chris Webb and Frazer House (corporate/securities), David Mattingly, Richard Johnson and Ari Feder (tax).

On December 5, 2014, Chemtrade Logistics Income Fund (Chemtrade) completed its previously announced public offering of 5,405,000 trust units, including 705,000 trust units issued pursuant to the exercise in full of the underwriters' over-allotment option, at a price of C$21.30 per trust unit for gross proceeds of C$115,126,500. The trust units were sold, on a bought deal basis, to a syndicate of underwriters led by BMO Capital Markets, and including Scotiabank, CIBC World Markets Inc., National Bank Financial Inc., TD Securities Inc., RBC Dominion Securities Inc., GMP Securities L.P. and Raymond James Ltd.

The net proceeds of the offering will be used to repay existing indebtedness and for general trust purposes.

Chemtrade operates a diversified business providing industrial chemicals and services to customers in North America and around the world.

Further information can be found on Canada Newswire's website.