The subordinated capital notes are due 2057

Davis Polk advised the initial purchasers in connection with the Rule 144A / Regulation S offering by Inversiones CMPC S.A. of $600 million aggregate principal amount of its 6.700% subordinated capital notes due 2057 guaranteed by Empresas CMPC S.A.

Headquartered in Santiago, Chile, CMPC is a vertically integrated and diversified producer of pulp, tissue, paper, forest and packaging products in Latin America. CMPC is committed to sustainable growth, and social responsibility is an integral part of its business and organizational model, having been recognized by several third parties for its sustainability efforts.

The Davis Polk corporate team included partner Maurice Blanco, counsel Katia Brener and associate Alexa Cibellis. Counsel Yixuan Long and associate Omar Hersi advised on U.S. tax matters. All members of the Davis Polk team are based in the New York office.