Cleary Gottlieb advised the initial purchasers on $700 million offering by LATAM Airlines

Cleary Gottlieb acted for the initial purchasers in a debt offering by LATAM Airlines Group.

LATAM Airlines Group is Latin America´s largest airline, headquartered in Santiago, Chile and São Paulo, Brazil. The group was born out of the 2012 merger of legacy airlines LAN from Chile and TAM from Brazil. The carrier now covers 133 destinations in 23 countries

Merrill Lynch, Pierce, Fenner & Smith; Credit Suisse Securities; Banco BTG Pactual; BNP Paribas Securities; Natixis Securities and Santander Investment Securities were the initial purchaserrs

The transaction consisted of an offering of $700 million 6.875 percent senior notes due 2024 issued and sold by LATAM Finance Limited, a finance subsidiary of LATAM, and that were guaranteed by LATAM. The transaction priced on April 6, 2017, and closed on April 11, 2017.

Cleary Gottlieb advised the initial purchasers on $700 million offering by LATAM Airlines

Ignacio Abella

thelatinamericanlawyer.com

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