CHEMTRADE LOGISTICS INCOME FUND ANNOUNCES PRICING OF $125 MILLION REOPENING OF SENIOR UNSECURED NOTES BY ITS WHOLLY-OWNED SUBSIDIARY, CHEMTRADE LOGISTICS INC.

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TORONTO, Jan. 13, 2025 /CNW/ - Chemtrade Logistics Income Fund (the "Fund") (TSX:CHE-UN.TO) 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 an additional $125 million aggregate principal amount of 6.375% Senior Unsecured Notes due 2029 of the Company (the "Notes") pursuant to a private placement offering (the "Offering"). The Notes will be issued at a price of $1,002.50 per $1,000 principal amount of Notes (yield to call of 6.294%), plus accrued interest from and including August 28, 2024. The Notes will have identical terms (except for their date of issue and issuance price) as, and form part of a single series with, the $250 million aggregate principal amount of 6.375% Senior Unsecured Notes due 2029 issued by the Company on August 28, 2024, resulting in an aggregate of $375 million principal amount of 6.375% Senior Unsecured Notes due 2029 outstanding.