Chilean chemical company Sociedad Quimica y Minera (SQM) has turned to Chadbourne & Parke LLP’s New York office and Chile’s Claro & Cía to issue notes worth US$250 million.
Bank of America Merrill Lynch, JP Morgan and Scotiabank acted as joint bookrunners and turned to the New York office of Simpson Thatcher & Bartlett LLP and Carey for the deal that closed on 28 October.
SQM, which is the world’s largest producer of potassium nitrate and iodine chemicals, will use the proceeds of the issuance to refinance its existing debt.
Counsel to SQM
Chadbourne & Parke LLP
Partner Allen Miller, associate Lucía Benabentos and visiting attorneys Vicente Cordero and Terence Beringhs in New York
Claro & Cía
Partners José Luis Ambrosy and Rodrigo Ochagavía in Santiago
Counsel to Bank of America Merrill Lynch, JP Morgan and Scotiabank
Simpson, Thacher & Barlett LLP
Partner Juan Francisco Mendez, counsel Kirsten Davis and international associate Eugenio Guzmán in New York
Partner Diego Peralta and associates Patricia Silberman, Mariana Gómez, Elena Yubero, and Camila Noreña in Santiago