September 18, 2020 |
Chile's LATAM Airlines has added more lenders to a proposed $2.45 billion debtor-in-possession (DIP) loan, including a hedge fund and an investment bank from the United States, according to a revised bankruptcy plan announced on Thursday.
After a US judge ruled last week that the original loan was unfair to some shareholders, LATAM said it still had commitments for up to $2.45 billion in financing with $1.3 billion in one tranche and $1.15 billion in another.
In the first tranche, US asset manag
Chilean airline revises its $2.45 bln bankruptcy financing plan with commitments from Knighthead and Jefferies