CMPC’s $500 Million Sustainability-Linked Notes Offering

Davis Polk advised the initial purchasers in the offering.

Inversiones CMPC S.A. executed its offering of $500 million aggregate principal amount of its 3.000% notes due 2031 guaranteed by Empresas CMPC S.A. as part of CMPC’s Sustainability-Linked Bond Framework.

BNP Paribas, Bank of America, Goldman Sachs and JP Morgan served as Global Coordinators and Joint Bookrunners, with Santander and MUFG also serving as Joint Bookrunners. BNP Paribas and JP Morgan also acted as Co-Sustainability Coordinators on the issuance.

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 (Picture), counsel Alain Kuyumjian and associate Felipe Saraiva Carneiro. Counsel Kiara L. Rankin and associate Shay Moyal advised on U.S. tax matters. 

Involved fees earner: Maurice Blanco – Davis Polk & Wardwell; Alain Kuyumjian – Davis Polk & Wardwell; Shay Moyal – Davis Polk & Wardwell; Kiara Rankin – Davis Polk & Wardwell; Felipe Saraiva Carneiro – Machado Meyer Advogados;

Law Firms: Davis Polk & Wardwell; Machado Meyer Advogados;

Clients: Bank of America; BNP Paribas; Goldman Sachs; JP Morgan; MUFG; Santander;

Author: Martina Bellini