SQM owners raise capital to cover debt

SQM owners raise capital to cover debt

Equity Capital Markets Corporate & Sovereign Strategy Chile Andean

Shareholders in the Chilean chemical company SQM plan to raise capital by $213 million combined to cover debt payments scheduled for September and December 2020, according to securities filings. Norte Grande intends to raise $162 million from the sale of shares and use the money to buy more stock in Nitratos and Oro Blanco, it said in a filing. Nitratos, in turn, will use the money from Norte Grande and an additional capital increase to buy stock in Potasios, while Oro Blanco will do the same to

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