Pinheiro Neto Advogados has helped Brazilian bread maker Wickbold and its affiliate Kodama undergo a 250 million reais (US$78 million) restructuring.

Machado Meyer advised the creditors.

The restructuring involved Wickbold's creditors issuing a new line of credit as well as amendments to 21 existing loans.

Security packages linked to Wickbold, Kodama and its associated quota holders were also amended and reorganised. Its main creditors were given first lien pledges over certain quotas; equipment owned by Wickbold and its "Seven Boys" bread brands.

The restructuring was completed on 29 September.

Counsel to Wickbold & Nosso Pão Indústrias Alimentícias

Pinheiro Neto Advogados

Partners Giuliano Colombo and Henry Sztutman, and associates Jenny Lu, Cauê Rezende Myanaki and Janaina Vaz

Counsel to Itaú Unibanco, Banco Votorantim and Banco Bradesco

Machado Meyer Advogados

Partner Renato Gomes Ribeiro Maggio and associates Camilo Gerosa and William Rizzi