UNITED STATES OF AMERICA
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
OF THE SECURITIES AND EXCHANGE ACT OF 1934
Includes the free translation of a material event sent by Sociedad
Quimica y Minera de Chile S.A. to the Superintendencia de Valores y
Seguros de Chile on March 4, 2005.
SOCIEDAD QUIMICA Y MINERA DE CHILE S.A.
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(Exact name of registrant as specified in its charter)
CHEMICAL AND MINING COMPANY OF CHILE INC.
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(Translation of registrant's name into English)
El Trovador 4285, Santiago, Chile (562) 425-2000
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(Address and phone number of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F
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Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No x
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If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):
82___________
SQM
SOCIEDAD QUIMICA Y MINERA DE CHILE S.A.
Santiago, March 4, 2005
Mr.
Alejandro Ferreiro Y.
Superintendent
Securities and Insurance Superintendence
Avda. Libertador Bernardo O'Higgins 1449
Santiago
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Essential Issue
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Dear Mr. Superintendent.
We hereby inform you that Royal Seed Trading Corp A.V.V., subsidiary of
Sociedad Quimica y Minera de Chile S.A., with the guaranty of the latter, and
the syndicate of banks led by BBVA Securities Inc., BNP Paribas and Rabobank
Curacao N.V., have recently subscribed abroad a Credit Agreement in the amount
of US$ 100 million.
The Credit Agreement was subscribed on February 25, 2005, and the amount
of US$100 million was paid out in the corresponding proportion by each of the
respective banks on March 3, 2005
Essentially, the Credit Agreement grants a 5-year period, with an initial
interest rate of Libor plus 0.325% annual over capital -which could vary
depending on the possible and future modifications to the external debt credit
rating of the guarantor- without real guaranties and with quarterly payments of
interests.
We inform you the above as an essential issue in compliance with articles
9 and 10 of Law Number18.045. Additionally, also in compliance with the
indications set forth in the Rule of General Character Number 30 that was issued
on November 10, 1989.
We remain at your disposal to clarify any additional aspects that you may
deem relevant in relation to the above.
Yours truly,
SOCIEDAD QUIMICA Y MINERA DE CHILE S.A.
CONF: /S/ PATRICIO CONTESSE G.
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PATRICIO CONTESSE G.
CHIEF EXECUTIVE OFFICER
Cc: Santiago Stock Exchange
Brokers Stock Exchange
Electronic Stock Exchange
New York Stock Exchange
Securities and Exchange Commission
The Bank of New York
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
SOCIEDAD QUIMICA Y MINERA DE CHILE S.A.
Conf: /s/ Ricardo Ramos
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Ricardo Ramos
Chief Financial Officer &
Business Development SVP
Date: March 4, 2005