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and provision of notice of redemption for its 5.75% Debentures /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES ./ 5.75% Convertible Unsecured Subordinated Series IV Debentures due December 31, 2018 (the "5.75% Debentures") 6.00% Convertible Unsecured Subordinated Series V Debentures due December 31, 2020 (the "6.00% Debentures") 6.50% Convertible Unsecured Subordinated Series VI Debentures due December 31, 2021 (the "6.50% Debentures") 7.875% Senior Unsecured Notes due 2023 (the "Notes") CALGARY , April 7, 2017 /CNW/ - Chemtrade Electrochem Inc. (formerly Canexus Corporation) ("Chemtrade Electrochem") and Chemtrade Logistics Income Fund ( CHE-UN.TO ) ("Chemtrade") announced today that following completion of the acquisition of Canexus Corporation by 1993754 Alberta Ltd., an indirect, wholly-owned subsidiary of Chemtrade on March 10, 2017 by way of a court-approved plan of arrangement, Chemtrade Electrochem has commenced offers to purchase all of the outstanding 5.75% Debentures, 6.00% Debentures and 6.50% Debentures (collectively, the "Debentures") and Notes of Chemtrade Electrochem at a price equal to: in the case of the 5.75% Debentures, 101% of the principal amount thereof; in the case of the 6.00% Debentures, 100% of the principal amount thereof; in the case of the 6.50% Debentures, 100% of the principal amount thereof; and in the case of the Notes, 101% of the aggregate principal amount thereof, plus, in each case, accrued and unpaid interest, if any, on such Debentures and Notes up to, but excluding, the date of acquisition of such Debentures and Notes, being May 10, 2017 (the "Change of Control Offers"). The Change of Control Offers are open for acceptance until 5:00 p.m. ( Calgary time) on May 8, 2017 . If Chemtrade Electrochem is unable to acquire all of the Debentures and Notes pursuant to the Change of Control Offers and related redemption rights, the unacquired Debentures and Notes will remain outstanding. For so long as there is more than a de minimis number of holders of Debentures or Notes, Chemtrade Electrochem intends to remain a "debt-only" reporting issuer under applicable securities laws. Chemtrade Electrochem intends to apply to have the Debentures delisted from the Toronto Stock Exchange. In addition to the Change of Control Offers, Chemtrade Electrochem is also providing notice that, in the event the Change of Control Offer is not accepted with respect to any or all of the 5.75% Debentures, Chemtrade Electrochem intends to redeem any 5.75% Debentures outstanding following completion of the Change of Control Offers (and any related redemption), which redemption will be effective on May 15, 2017 . About Chemtrade Electrochem Chemtrade Electrochem is an indirect wholly-owned subsidiary of Chemtrade that produces sodium chlorate and chlor-alkali products largely for the pulp and paper and water treatment industries. About Chemtrade Chemtrade operates a diversified business providing industrial chemicals and services to customers in North America and around the world. Chemtrade is one of North America's largest suppliers of sulphuric acid, spent acid processing services, inorganic coagulants for water treatment, sodium chlorate, sodium nitrite, sodium hydrosulphite and phosphorus pentasulphide. Chemtrade is a leading regional supplier of sulphur, chlor-alkali products, liquid sulphur dioxide, potassium chloride, and zinc oxide. Additionally, Chemtrade provides industrial services such as processing by-products and waste streams.

For the original version including any supplementary images or video, visit http://finance.yahoo.com/news/chemtrade-electrochem-inc-formerly-canexus-125600179.html

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