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Cuatrecasas advises Inversiones CMPC on $500 million bond issue for green financing
March 6, 2024
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SubscribeCuatrecasas has advised Inversiones CMPC S.A. on a $500 million bond issue under Rule 144A, governed by New York State law, with eight banks as initial purchasers and underwritten by parent company Empresas CMPC S.A.
The placement attracted the participation of over 200 investors around the world and resulted in a demand over six times the size of the issuance. BBVA, BNP Paribas, BofA Securities, CACIB, MUFG, Mizuho, Santander and Scotiabank acted as the placement agents.
The transaction will provide CMPC with green and sustainability-linked financing, guaranteeing the use of these funds in green project financing or refinancing, under agreed sustainability objectives that are monitored by key performance indicators for this sector.
The Santiago office advisory team was led by Finance partner Macarena Ravinet in collaboration with lawyers Federico Espinosa, Andrés Lafuente, José Miguel Gazitúa, Isidora Opazo and José Agüero.
March 6, 2024
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