Insight
Socieded Química y Minera de Chile S.A. US$700M 3.500% Notes due 2051 ("Green" Bond Offering)
Insight
Socieded Química y Minera de Chile S.A. US$700M 3.500% Notes due 2051 ("Green" Bond Offering)
September 20, 2021
Winston & Strawn LLP represented Socieded Química y Minera de Chile S.A. (SQM) in connection with its first "green" bond offering of US$700M principal amount of 3.500% Notes due 2051 (the “Green Bonds”). The Green Bonds were sold in an offering exempt from registration pursuant to Rule 144A and Regulation S. The proceeds of the Green Bonds will be used to finance or refinance recently completed or future eligible green projects with respect to lithium production capacity expansion for applications related to clean transportation and energy efficiency. Disbursements may cover project expenditures for up to 36 months preceding the issuance of the Green Bonds and until their maturity date. BofA Securities, Inc.; Goldman Sachs & Co. LLC; J.P. Morgan Securities; and Santander Investment Securities Inc. acted as initial purchasers of the Green Bonds. SQM is a Chile-based global leader in the production of specialty plant nutrients, iodine and derivatives, lithium and derivatives, potassium, and certain industrial chemicals.