Davis Polk advised Israel Chemicals Ltd. in connection with a Rule 144A/Regulation S offering of $800 million aggregate principal amount of its 4.500% senior notes due 2024. Barclays Capital Inc., Citigroup Global Markets Inc. and HSBC Securities (USA) Inc. acted as joint book-running managers for the offering.
ICL is a public company based in Tel Aviv, Israel, whose shares are listed on the Tel Aviv Stock Exchange and the New York Stock Exchange. With sales of $6 billion in 2013, ICL is a leading specialty minerals company that extracts raw materials and utilizes sophisticated processing and product formulation technologies to add value to customers in three attractive end-markets: agriculture, food and engineered materials.
The Davis Polk corporate team included partner Michael Kaplan and associates Meghan Maloney, Pedro J. Bermeo and Denny Won. The tax team included partner Avishai Shachar, counsel Alon Gurfinkel and associate Omer Harel. Counsel Erin K. Cho provided executive compensation advice. Associate Elina Teboul provided 1940 Act advice. Members of the Davis Polk team are based in the New York, São Paulo and London offices.
Source: www.davispolk.com
