March 11, 2020 |
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
Shareholders pitch in as lower lithium prices put a strain on the Chilean chemical company's financial results