Israel Chemicals Raises $800M In Private Offering

November 24, 2014 | Israel Chemicals raised $800 million in a private offering of aggregate principle senior unsecured bonds. The offering is expected to be settled by December 2, 2014, subject to customary closing conditions. According to Israel Chemicals, the company plans to use the funds to repay outstanding short-term loans and debt, providing it with future flexibility for borrowing, acquisitions, and refinancing. Israel Chemicals was founded in 1968 and specializes in the development, manufacture and marketing of fertilizers, metals and other special-purpose chemical products.