MYS Masisa SA (New) Ads

SANTIAGO, Chile, Jan. 12 /PRNewswire-FirstCall/ -- MASISA S.A. (NYSE:MYS) ("Masisa" or "the Company"), a leading Latin American forestry and wood products company, announced today the completion of a local bond placement for approximately US$163 million, denominated in Unidades de Fomento ("UF"), a Chilean inflation-indexed currency unit. The bond placement, which was completed today was comprised of two series: (i) Series D: corresponding to approximately US$68.6 million, with a maturity of 7 years, placed at an annual rate of 4.59%. (ii) Series E: corresponding to approximately US$94.4 million, with a maturity of 21 years, placed at an annual rate of 4.79%. Enrique Cibie, Masisa's Chief Executive Officer, expressed his satisfaction stating, "The Company obtained the placement via excellent conditions, which reflects the market's confidence in Masisa." Among the participants of the placement were local pension funds, insurance companies, mutual funds, stockbrokers and banks. The proceeds will be used to refinance the financial liabilities of the Company. Forward-Looking Information This news release may contain forward-looking statements. Forward-looking statements are statements other than statements of historical facts or current condition, and include, without limitation, management's current view and estimates of future circumstances. Some forward-looking statements may be identified by our use of the terms "may," "will" and similar expressions. Statements regarding the expiration of the rights offering and expected use of proceeds of the offerings are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions and operating factors. Any changes in such assumptions or factors could cause the actual results of Masisa, and the planned actions of the company, to differ materially from current expectations. DATASOURCE: Masisa S.A. CONTACT: Felipe Garcia-Huidobro, or Emilio Pellegrini, Investor Relations, both of Masisa S.A., +011-56-2-350-6038, or ; or Maria Barona, +1-212-406-3691, or Peter Majeski, +1-212-406-3694, both of i-advize Corporate Communications, Inc. for Masisa, Web site: http://www.masisa.com/

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