Sociedad Química y Minera de Chile $700 million green bonds
Davis Polk advised the initial purchasers in connection with the offering by Sociedad Química y Minera de Chile S.A. of $700 million aggregate principal amount of its 3.500% notes due 2051. The notes were sold in an offering exempt from registration pursuant to Rule 144A and Regulation S. SQM intends to use the proceeds to finance or refinance eligible green projects.
SQM is one of the world’s largest producers of potassium nitrate, iodine and lithium and also produces specialty plant nutrients, iodine derivatives, lithium derivatives, potassium chloride, potassium sulfate and certain industrial chemicals, which are sold in over 110 countries.
The Davis Polk corporate team included partner Maurice Blanco, counsel Alain Kuyumjian and associate Michael McGuire. The tax team included counsel Alon Gurfinkel and associate Benjamin Helfgott. Members of the Davis Polk team are based in the New York and London offices.