Chicago, Jan. 13 – Inversiones CMPC SA priced $500 million 3.85% guaranteed notes (Baa3/BBB-) due 2030, according to a press release.
The notes are fully guaranteed by Empresas CMPC SA. Inversiones CMPC is a wholly owned financing vehicle subsidiary of Empresas CMPC SA.
Joint bookrunners for the Rule 144A and Regulation S transaction were J.P. Morgan Securities LLC, Scotia Capital (USA) Inc., MUFG Securities Americas Inc. and Santander Investment Securities Inc.
Proceeds will be primarily used for liability management and other general corporate purposes, with no material impact on leverage.
CMPC is a Santiago, Chile-based multinational corporation that produces wood, pulp, packaging products, household and non-household sanitary protection products and tissue paper.
| Issuer: | Inversiones CMPC SA
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| Guarantor: | Empresas CMPC SA
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| Amount: | $500 million
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| Maturity: | 2030
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| Description: | Guaranteed notes
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| Joint bookrunners: | J.P. Morgan Securities LLC, Scotia Capital (USA) Inc., MUFG Securities Americas Inc., and Santander Investment Securities Inc.
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| Pricing date: | Jan. 8
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| Settlement date: | Jan. 13
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| Distribution: | Rule 144A and Regulation S
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| Ratings: | Moody’s: Baa3
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| S&P: BBB-
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