Latam Airlines raises $1.4b in return to debt markets
Latam Airlines Group SA tapped global debt markets for the first time since the carrier emerged from its Chapter 11 bankruptcy. The Santiago-based airline sold $1.4b in dollar notes maturing in 2030 to yield 7.875%, according to people familiar with the matter. The deal size was increased from $1.2b, said the people, who asked not to be identified because they’re not authorized to speak about it. Latam, the largest carrier in South America, exited the Chapter 11 process in late 2022 with 35% less debt, placing a renewed focus on customer service. It recently returned to the New York Stock Exchange, with an offering of American depositary shares. The company plans to use proceeds from the bond sale to repay some debts, including its term loan B facility and notes maturing in 2027. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2024-10-02/unaligned/latam-airlines-raises-1-4b-in-return-to-debt-markets
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Latam Airlines raises $1.4b in return to debt markets
Latam Airlines Group SA tapped global debt markets for the first time since the carrier emerged from its Chapter 11 bankruptcy. The Santiago-based airline sold $1.4b in dollar notes maturing in 2030 to yield 7.875%, according to people familiar with the matter. The deal size was increased from $1.2b, said the people, who asked not to be identified because they’re not authorized to speak about it. Latam, the largest carrier in South America, exited the Chapter 11 process in late 2022 with 35% less debt, placing a renewed focus on customer service. It recently returned to the New York Stock Exchange, with an offering of American depositary shares. The company plans to use proceeds from the bond sale to repay some debts, including its term loan B facility and notes maturing in 2027. <br/>
