Restructuring gives creditors 66% of LATAM

Restructuring gives creditors 66% of LATAM

Equity Debt Bonds Loans Capital Markets Chile

Creditors for LATAM Airlines will control two thirds of shares when the Chilean airline emerges from bankruptcy, leaving Delta Air Lines and other shareholders with smaller stakes than before, local newspaper La Tercera reported. Under the reorganization plan approved last week, three shareholders — Delta, Qatar Airways and Chile's Cueto family — will inject $1.74 billion by way of new shares and convertible bonds to be issued by LATAM later this year, the newspaper said. Delta's stake will shri

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