LATAM seeks more DIP financing

LATAM seeks more DIP financing

Corporate & Sovereign Strategy Debt Bonds Loans Chile Latin America Tourism Coronavirus

Chile's LATAM Airlines said Wednesday that it has requested $300 million in additional debtor-in-possession (DIP) financing as it seeks to emerge from bankruptcy, buoyed by improving air traffic. The Santiago-based airline said it made the request taking into account the impact of health and travel restrictions as part of the COVID-19 pandemic, as well as after analyzing its liquidity projection, according to a securities filing. The financing, if approved, would be provided by its existing cred

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