Chile’s Masisa restructures loan, exchanges bonds
Posted on Feb 10, 2026
The operation included a bond exchange and the renegotiation of bank financings, strengthening its capital structure and financial outlook.
The bond exchange totaled UF731,220 (approximately $33 million), carried out through a new issuance of corporate bonds under an existing bond line, as well as a restructuring of Masisa’s short-term financial liabilities through the amendment of financing agreements with its bank creditors for an amount of $55 million.
“A liability restructuring of this magnitude involves multiple legal, financial, and operational complexities, requiring the coordination of diverse interests, compliance with regulatory requirements, and the safeguarding of business continuity,” according to Chilean law firm Bofill Mir, which advised the company on the operation.
“Our advice enabled an appropriate legal structuring of the financial solutions, allowing Masisa to close this process with certainty and a clear focus on its future outlook,” Bofill Mir partner Ana María Yuri said.
Other partners involved in the advice were financing and restructuring partners Octavio Bofill and Ana María Yuri, along with senior associate Gonzalo Barceló and associates Max Vial, Sofía Rivera, and Laura Harting, along with senior tax associate Josefina Da Bove and tax associate Cristian Silva.
