PPU advises on SQM bond issuance
Philippi Prietocarrizosa Ferrero DU & Uría Chile has advised the representatives of the initial purchasers in the issuance by Sociedad Química y Minera de Chile (SQM) of USD $850,000,000 bonds at a rate of 8.500% per annum payable in 2034.
This transaction closed on September 10 and involved the Chilean and US jurisdictions. Davis Polk & Wardwell acted as advisor to the representatives of the initial purchasers in the US; while Claro and Cia, as well as Winston acted as advisors to SQM locally and internationally, respectively.
BofA Securities, Goldman Sachs & Co., J.P. Morgan Securities and Santander US Capital Markets acted as representatives of the initial purchasers.
Gonzalo Aguirre acted as in-house counsel for SQM.
PPU’s team consisted of partner Daniel Parodi (pictured), and associates Ariel Castillo, Juan Ignacio Rosales, Tomás Canales, Emilia Bascuñán and Antonio Marinovic.
