LATAM lines up bond sale to emerge from bankruptcy

LATAM lines up bond sale to emerge from bankruptcy

Corporate & Sovereign Strategy Bonds Debt Fixed Income Equity Debenture Chile Capital Markets

Chile's LATAM Airlines could issue up to $6.89 billion in dollar-denominated bonds in the international market as part of its plans to emerge from Chapter 11 proceedings, it said in a press release on Friday. The airline could sell as much as $4.64 billion worth of convertible bonds to shareholders and issue approximately $2.25 billion in new debt, either through the sale of bonds or a term loan, it said in the press release.  "Upon emergence, LATAM is expected to have total debt of approximatel

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