Sociedad Química y Minera de Chile S.A. $450 Million Notes Offering


Davis Polk and Philippi Prietocarrizosa Ferrero DU & Uría advised the underwriters on the offering

Sociedad Química y Minera de Chile S.A. executed its offering of $450 million 4.250% notes due 2029.

The notes were sold in an offering exempt from registration pursuant to Rule 144A and Regulation S.

J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Santander Investment Securities Inc acted as initial purchasers on the offering.

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.

In US, Davis Polk advised the initial purchasers with a team including Maurice Blanco (Picture), Hillary A. Coleman, Francisco J. Cespedosa. The tax team included partner Michael Farber and associate Tomislava Dragicevic.

In Chile, Philippi Prietocarrizosa Ferrero DU & Uría advised the initial purchasers with Marcelo Armas, Marcela Silva, Macarena Valenzuela, Francisca Rebolledo and Santiago Mesías.

Involved fees earner: Maurice Blanco – Davis Polk & Wardwell; Francisco Cespedosa – Davis Polk & Wardwell; Hillary Coleman – Davis Polk & Wardwell; Tomislava Dragicevic – Davis Polk & Wardwell; Michael Farber – Davis Polk & Wardwell; Marcelo Armas Mac Donald – Philippi Prietocarrizosa Ferrero DU & Uría; Santiago Mesías – Philippi Prietocarrizosa Ferrero DU & Uría; Francisca Rebolledo – Philippi Prietocarrizosa Ferrero DU & Uría; Marcela Silva – Philippi Prietocarrizosa Ferrero DU & Uría; Macarena Valenzuela Sepúlveda – Philippi Prietocarrizosa Ferrero DU & Uría;

Law Firms: Davis Polk & Wardwell; Philippi Prietocarrizosa Ferrero DU & Uría;

Clients: JP Morgan Securities; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Santander Investment Securities Inc.;

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Author: Ambrogio Visconti