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| Home : Superior Plus Announces Closing of Senior Unsecured Note Financing |
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Feb 28
2017 |
Superior Plus Announces Closing of Senior Unsecured Note Financing |
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TORONTO, ONTARIO--(Marketwired - Feb. 27, 2017) - Superior Plus Corp. (Superior) (TSX:SPB) is pleased to announce that its indirect wholly-owned subsidiary, Superior Plus LP (Superior LP) has closed on its previously announced private placement of CDN $250 million principal amount of 5.25% Senior Unsecured Notes (the Notes) due February 27, 2024 (the Offering). Superior LP intends to use the net proceeds of the Offering to repay drawn amounts under its syndicated bank credit facility and to partially finance the $412 million purchase price of the option to acquire the Industrial Propane business of Gibson Energy Inc. |
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| Source:http://www.marketwired.com/mw/release.do?id=2198758&sourceType=3 |
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