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TORONTO, Aug. 21, 2024 /CNW/ - Chemtrade Logistics Income Fund (the "Fund") (TSX: CHE.UN) 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 $250 million principal amount of Senior Unsecured Notes due 2029 of the Company (the "Notes") pursuant to a private placement offering (the "Offering"), at a price of $1,000 per $1,000 principal amount of Notes, with an interest rate of 6.375% per annum, payable semi-annually in arrears on February 28 and August 28, commencing on February 28, 2025. The Notes will be guaranteed by the Fund and certain of its subsidiaries.
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