Demarest advises underwriters in LATAM Airlines’ bond issuance
Demarests advised the underwriters on Brazilian legal matters on the LATAM Airlines Group‘s US$800 million offering of 7.625% notes due in 2031, marking its second issuance since exiting Chapter 11 proceedings in 2022. The transaction, closed on July 7, 2025, is part of the group’s ongoing post-restructuring financial strategy.
The banks involved were Goldman Sachs & Co. LLC, Deutsche Bank Securities, Santander, Barclays, BNP Paribas, Citigroup, J.P. Morgan, MUFG Securities and Natixis Securities.
Proceeds from the offering will be used to fully redeem notes maturing in 2029 and for general corporate purposes. The new notes are secured by guarantees granted by LATAM group entities across multiple jurisdictions.
Demarest relied on partners Guilherme Fontes Bechara (pictured left) and Luiz Felipe Eustaquio (pictured right), with support from associates Fausto Muniz Miyazato Teixeira, Guilherme Inaba and Paola Libermani.
The transaction also involved several international law firms, including Simpson Thacher & Bartlett LLP, Cleary Gottlieb Steen & Hamilton LLP, Morales & Besa and Claro & Cía, advising on legal aspects in the U.S., Chile, Colombia and Peru.
