The Firm recently represented J.P. Morgan, Deutsche Bank, Itau and Scotiabank, as representatives of the initial purchasers, in connection with an inaugural international high yield bond offering by Masisa S.A. Masisa issued US$300 million of its 9.500% Senior Notes due 2019 in reliance on Rule 144A and Regulation S.
Masisa intends to use the net proceeds from the offering to repay outstanding debt, including a short-term credit facility arranged by affiliates of the initial purchasers. The Firm also represented J.P. Morgan, Deutsche Bank, Itau, Scotiabank and Rabobank in connection with the short-term credit facility.
Headquartered in Chile, Masisa is the leading company in wood boards and other wood products for use in the furniture and interior architecture industries in Latin America.
The Simpson Thacher team for the transaction included Juan Francisco Mendez, Alan Brenner, Rodrigo Surcan dos Santos, Benjamin Alcaino and Alberto Bustamante (Corporate), and Jonathan Cantor and Jodi Sackel (Tax).