The Company expects to use the net proceeds from the placement to refinance outstanding debt and for general corporate purposes, including financing SQM's capital expenditures.

Chilean lithium producer Sociedad Química y Minera (SQM) has placed on international markets this Tuesday an unsecured bond worth US$850 million, at an annual interest rate of 5.5% and maturing in 2034.

The Company expects to use the net proceeds from the placement to refinance outstanding debt and for general corporate purposes, including financing SQM's capital expenditures.

The Notes have been sold to qualified institutional buyers in the United States pursuant to the Securities Act and have not been registered under the Securities Act or other securities laws of any state or other jurisdiction.

The company has explained that it is not currently possible to quantify the effects that this operation will have on its financial results.