LATAM Airlines bondholders in talks to supply up to $1.5 billion loan, sources say
A group of bondholders of LATAM Airlines Group is in talks to supply up to $1.5b in a debtor-in-possession loan within the Chapter 11 proceeding in the US, two people with knowledge of the matter said Thursday. Bondholders including Blackrock, Australia’s Macquarie Group, HSBC and Chile’s Moneda Asset Management, are informally discussing the issue with investment bank Moelis & Co. The exact value of the DIP loan will be defined during the talks, but it is expected to be within the $1b to $1.5b range, the sources added. LATAM filed for US bankruptcy protection last month, aiming to restructure $18b in debt. It was the world’s largest airline to date to seek an emergency reorganization due to the coronavirus pandemic.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-06-12/oneworld/latam-airlines-bondholders-in-talks-to-supply-up-to-1-5-billion-loan-sources-say
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LATAM Airlines bondholders in talks to supply up to $1.5 billion loan, sources say
A group of bondholders of LATAM Airlines Group is in talks to supply up to $1.5b in a debtor-in-possession loan within the Chapter 11 proceeding in the US, two people with knowledge of the matter said Thursday. Bondholders including Blackrock, Australia’s Macquarie Group, HSBC and Chile’s Moneda Asset Management, are informally discussing the issue with investment bank Moelis & Co. The exact value of the DIP loan will be defined during the talks, but it is expected to be within the $1b to $1.5b range, the sources added. LATAM filed for US bankruptcy protection last month, aiming to restructure $18b in debt. It was the world’s largest airline to date to seek an emergency reorganization due to the coronavirus pandemic.<br/>
