Latam Taxis Out Rights Offer

Latam Taxis Out Rights Offer

Brazil Equity

Latam Airlines plans to hold the rights offering period for a $1bn equity capital raise between November 20 and December 19, it says. The airline, working under an approval granted earlier this year, is planning to sell 63.5m shares, at a price to be determined before the start of the sale period. Latam will set a price equal to a weighted average of transactions from the eight days prior to the launch, minus a 7.5% discount. The sale would raise CLP506.25bn ($972m) if Tuesday’s CLP8,618.90 clos

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