LATAM seals news financing deals

LATAM seals news financing deals

Debt Loans Chile

Chile's LATAM Airlines said it has secured $3.9 billion in financing as part of its plans to exit Chapter 11 bankruptcy proceedings later this year. The deals involve $2.25 billion in new debt and a revolving credit facility for $500 million plus $1.17 billion in debtor-in-possession (DIP) financing, the airline said in a statement. The revolver pays either ABR plus 3% or SOFR plus 4%, while a $750 million B loan will carry a spread over ABR or SOFR to be determined at allocation, LATAM said. Tw

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