Chemtrade Logistics secures US$1 billion financing for acquisition of General Chemical

On January 23, 2014 Chemtrade Logistics Income Fund completed its acquisition of Parsippany, New Jersey-based General Chemical Holding Company for a total cash purchase price of approximately US$900 million. Chemtrade financed the acquisition through a combination of US$1.0 billion syndicated senior secured credit facilities from a syndicate of lenders agented by The Bank of Nova Scotia and Bank of Montreal, as well as proceeds from certain capital market transactions. Fasken Martineau advised the syndicate of lenders with a team that included John Torrey, David Ferris and Dev Singh (banking and finance).