Davis Polk advised Israel Chemicals Limited in connection with its 144A/Regulation S notes offering of $600 million aggregate principal amount of 6.375% senior notes due 2038. 

Davis Polk advised ICL on its concurrent cash tender offer for any and all of its $800 million aggregate principal outstanding 4.500% senior notes due 2024, pursuant to which existing holders tendered a total of approximately $600 million aggregate principal amount of senior notes due 2024. 

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. ICL is a leading global specialty minerals and specialty chemicals company that operates 3 mineral chains in a unique, integrated business model. ICL extracts raw materials and utilize sophisticated processing and product formulation technologies to add value to customers in the various agriculture and industrial markets.

The Davis Polk corporate team included partner Michael Kaplan and associates Cameron C. Lewis, Heita Miki and Kaitlin Decker. The tax team included partner Avishai Shachar, counsel Alon Gurfinkel and associate Omer Harel. Counsel Betty Moy Huber and associate Michael Comstock provided environmental advice. Members of the Davis Polk team are based in the New York and London offices.

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