Bofill Mir leads $88 million debt restructuring for Masisa

Bofill Mir advised Masisa S.A. on the restructuring of its short and long-term financial liabilities totaling USD $88 million. This included a bond exchange and the renegotiation of bank financing, strengthening the company’s capital structure and financial outlook.
Bofill Mir advised Masisa S.A., a publicly traded corporation, on the restructuring of its financial liabilities (both long and short-term) for an approximate amount of USD $88 million.
The transaction involved:

1. A bond exchange for UF 731,220 (approximately USD $33,000,000), charged against a new issuance of corporate bonds under a shelf program.
2. A restructuring of Masisa’s short-term financial liabilities through the amendment of financing agreements with its banking creditors for a total of USD $55,000,000.

"A liability restructuring of this magnitude involves multiple legal, financial, and operational complexities that require coordinating diverse interests, complying with regulatory requirements, and safeguarding business continuity.
Our counsel provided a sound legal structure for these financial solutions, allowing Masisa to close this process with certainty and a focus on its future growth." — Ana María Yuri, Partner.

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