06:55 AM EST, 01/14/2025 (MT Newswires) -- Chemtrade Logistics Income Fund (CHE-UN.TO) late on Monday said its subsidiary Chemtrade Logistics Inc. will sell an additional $125 million of 6.375% senior unsecured notes due 2029 through a private placement.

The notes will be sold at $1,002.50 per $1,000 of notes plus accrued interest from Aug. 28, 2024.

The notes will have identical terms as, and form part of a single series with, the $250 million of 6.375% senior unsecured notes due 2029 issued Aug. 28, 2024. As a result, there will be $375 million of the notes outstanding in total.

The net proceeds will be used to pay back existing debt and for general corporate purposes.

The offering is scheduled to close on Jan. 16, subject to customary closing conditions.