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Press release from Marketwire

Superior Plus Announces Completion of Common Share Financing for Net Proceeds of $137 Million

Wednesday, March 27, 2013

Superior Plus Announces Completion of Common Share Financing for Net Proceeds of $137 Million08:41 EDT Wednesday, March 27, 2013CALGARY, ALBERTA--(Marketwire - March 27, 2013) -NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Superior Plus Corp. (TSX:SPB) ("Superior" or the "Corporation") is pleased to announce the successful closing of the issue and sale today of an aggregate of 12,960,500 common shares in the capital of the Corporation ("Common Shares") at a price of $11.10 per Common Share. The net proceeds for the issue including the full exercise of the over-allotment option granted to the underwriters, issue costs and commissions are approximately $137 million. The Common Shares were offered to the public through a syndicate of underwriters which was co-led by Scotiabank, CIBC and National Bank Financial Inc., and including BMO Capital Markets, TD Securities Inc. and Cormark Securities Inc. As previously announced, Superior intends to use the net proceeds of the Offering initially to repay indebtedness under its credit facility which will then be available to be drawn as required to fund the redemption of the remaining $25.0 million principal amount of its 5.85% convertible unsecured subordinated debentures on April 9, 2013, Superior's previously announced $43 million expansion of hydrochloric acid production capacity at its Port Edwards, Wisconsin and Saskatoon, Saskatchewan facilities and for working capital and/or general corporate purposes. The Common Shares of Superior are traded on the Toronto Stock Exchange under the symbol "SPB". About the Corporation Superior consists of three primary operating businesses: Energy Services includes the distribution of propane and distillates, providing fixed-price energy services, and supply portfolio management; Specialty Chemicals includes the manufacture and sale of specialty chemicals; and Construction Products Distribution includes the distribution of specialty construction products. Forward Looking Information Certain information included herein is forward-looking, within the meaning of applicable Canadian securities laws. Such information is typically identified by words such as "anticipate", "believe", "could", "estimate", "expect", "plan", "intend", "forecast", "future", "guidance", "may", "predict", "project", "should", "strategy", "target", "will" or similar expressions suggesting future outcomes. Forward-looking information in this news release includes the use of the net proceeds of the Offering, the proposed redemption of the 5.85% Debentures and the expected capital costs of the hydrochloric acid production capacity expansion projects. Superior believes the expectations reflected in such forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and such information should not be unduly relied upon. Forward-looking information herein is based on various assumptions and expectations that Superior believes are reasonable in the circumstances. No assurance can be given that these assumptions and expectations will prove to be correct. Such assumptions include the costs of the completion of significant capital projects and are subject to the risks and uncertainties described below. Forward-looking information is not a guarantee of future performance. By its very nature, forward-looking information involves inherent assumptions, risks and uncertainties, both general and specific, and risks that predictions, forecasts, projections and other forward-looking information will not be achieved. Should one or more of these risks and uncertainties materialize, or should assumptions prove incorrect, Superior's actual performance and results in future periods may differ materially from any projections of future performance or results expressed or implied by such forward-looking information. We caution readers not to place undue reliance on this information as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations and anticipations, estimates and intentions expressed in such forward-looking information. Forward-looking information contained in this news release is provided for the purpose of providing information about management's goals, plans and range of expectations for the future and may not be appropriate for other purposes. Any forward-looking information is made as of the date hereof and, except as required by law, Superior does not undertake any obligation to publicly update or revise such information to reflect new information, subsequent or otherwise.FOR FURTHER INFORMATION PLEASE CONTACT: Contact Information: Superior Plus Corp.Wayne BinghamExecutive Vice-President and Chief Financial Officer(403) 218-2951 or Toll Free: 1-866-490-PLUS (7587)(403) 218-2973 (FAX)wbingham@superiorplus.comSuperior Plus Corp.Jay BachmanVice-President, Investor Relations and Treasurer(403) 218-2957 or Toll Free: 1-866-490-PLUS (7587)(403) 218-2973 (FAX)