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Simpson Thacher Represents Initial Purchasers in $250 Million Debt Offering by Sociedad Química y Minera de Chile S.A.

10.30.14

The Firm represented Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC and Scotia Capital (USA) Inc., as initial purchasers, in connection with an offering of US$250 million of 4.375% Notes due 2025 by Sociedad Química y Minera de Chile S.A.  The offering was conducted in reliance upon Rule 144A and Regulation S under the Securities Act of 1933.

Sociedad Química y Minera de Chile S.A., a Chilean mining and chemical company, is the world’s largest producer of potassium nitrate and iodine chemicals.  It also produces specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals (including industrial nitrates and solar salts).  Its products are sold in more than 115 countries through its worldwide distribution network.

The Simpson Thacher team for the debt offering included, among others, Juan Francisco Mendez, Kirsten L. Davis and Eugenio Guzmán (Capital Markets);  Jonathan Cantor and Michael Cardella (Tax); and Adeeb Fadil (Environmental).