LATAM Airlines Group is pursuing the refinancing of its USD450m 13.375pc Senior Secured Notes due in 2027 and its USD1.1bn term loan, starting investor meetings to gauge interest.
The debt was initially issued in October 2022 as LATAM emerged from Chapter 11 bankruptcy.
Citigroup leads the arrangement of fixed-income investor meetings, supported by major banks including Santander, JP Morgan, and Deutsche Bank.
LATAM may issue new senior secured bonds worth USD1.2bn if meetings are successful, with a five-year maturity, alongside reporting a significant increase in operating revenue and net profit for the first half of 2024.
