Israel Chemicals Ltd. priced a debt offering of US$600 million in senior unsecured notes due 2038 with interest set at 6.375%.
Israel Chemicals said May 23 that it intends to use proceeds to replenish cash or debt used to repurchase its 4.5% notes due 2024.
The company said the offering is expected to close May 31.
Israel Chemicals produces a variety of products including potash and bromine, some of which it extracts from the Dead Sea. The company booked a year-over-year rise in net profit for the first quarter.
