2028 Debentures

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Chemtrade Logistics Income Fund Announces Redemption and Intention to Commence a Substantial Issuer Bid for Its 6.25% Convertible Unsecured Subordinated Debentures Due August 31, 2027 and Intention to
Financialpost· 2025-09-22 11:04
Article content“The Board’s decision to offer to purchase and redeem the 2027 Debentures and to offer to purchase the 2028 Debentures at the stated premiums remains consistent with our ongoing strategy of optimizing our capital structure,” said Rohit Bhardwaj, Chief Financial Officer. “As the 2027 Debentures are trading well above their par value, the redemption notice is likely to result in these debentures being converted into Units to realize the price appreciation rather than being redeemed at par. We b ...