TSX:CHE.UNChemicals
How Investors May Respond To Chemtrade Logistics (TSX:CHE.UN) Slashing Most Convertible Debentures to Cut Dilution
Earlier this week, Chemtrade Logistics Income Fund announced the completion of substantial issuer bids to purchase and cancel most of its 6.25% and 7.00% Convertible Unsecured Subordinated Debentures due in 2027 and 2028, respectively, reducing outstanding convertible debentures by approximately 90%.
This action significantly decreases potential equity dilution for unitholders and marks a major step in optimizing Chemtrade’s capital structure.
We’ll examine how this large-scale debt...