By Wendy Van Sickle
Columbus, Ohio, Jan. 16 – Sociedad Quimica y Minera de Chile SA said it agreed to sell $400 million of 4¼% 30-year senior notes (Baa1/BBB+/), according to a 6-K filing with the Securities and Exchange Commission.
Proceeds will be used for general corporate purposes, including funding the company’s capital expenditure program and reducing its outstanding debt, including payment of its $250 million of 5½% notes due April 21 at maturity.
The Santiago, Chile-based company produces specialty fertilizers, iodine and lithium.
| Issuer: | Sociedad Quimica y Minera de Chile SA
|
| Amount: | $400 million
|
| Issue: | Senior unsecured notes
|
| Maturity: | 2050
|
| Yield: | 4¼%
|
| Announcement date: | Jan. 16
|
| Settlement date: | Jan. 22
|
| Ratings: | Moody’s: Baa1
|
| S&P: BBB+
|
|
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
