We advised the dealer manager on the tender offer and consent solicitation

Davis Polk advised the sole dealer manager and solicitation agent in connection with CAP S.A.’s cash tender offer to purchase any and all of its outstanding 7.375% notes due 2036 and related consent solicitation. Approximately $36.4 million of notes were validly tendered.

CAP is one of the largest integrated mining and industrial companies in Chile and, together with its subsidiaries, affiliates and joint ventures, is engaged in the extraction, processing and commercialization of iron ore, the provision of steel and industrial solutions, and the operation of infrastructure businesses, including port services, desalinated water production and distribution, and electricity transmission.

The Davis Polk corporate team included partner Maurice Blanco and associates Matt Weaver and Julian Armando Galaz Martinez. The tax team included counsel Dustin Plotnick and associates Danielle D. Grazette and Georgianna Eck. Members of the Davis Polk team are based in the New York and São Paulo offices.

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