by Amruth Sundarkumar | Sep 27, 2022 | Corporates, Global
LATAM Airlines is to raise $750mn via a leveraged loan from a group of banks led by Goldman Sachs. The transaction is expected to help the airlines exit bankruptcy. The term loan will be used to repay existing debtor-in-possession facilities and will also be used for...
by Amruth Sundarkumar | Jun 20, 2022 | High Yield Bonds
The US court has approved LATAM Airlines Group’s bankruptcy restructuring plan under Chapter 11. WSJ notes that under the plan, LATAM Airlines seeks to raise $5.4bn to guide them out of their two-year long pandemic-driven bankruptcy. Of this amount, $3.67bn is...
by Amruth Sundarkumar | Jun 14, 2022 | High Yield Bonds
LATAM Airlines has asked a bankruptcy judge to approve $2.75bn in new loans to fund its exit from Chapter 11 bankruptcy. The airline company said it got loan commitments worth $2.75bn from JPMorgan Chase Bank NA, Goldman Sachs Lending Partners, Barclays Bank, BNP...
by Amruth Sundarkumar | May 12, 2022 | Distressed / Defaulted Bonds, High Yield Bonds
Brazil’s Gol and Colombia’s Avianca said that they struck a deal to combine into a single holding company called Abra Group, as part of consolidation efforts. Abra Group will be jointly controlled by Avianca and Gol’s main shareholders. However, both...
by Amruth Sundarkumar | Nov 30, 2021 | High Yield Bonds
Brazilian Azul Airlines announced that it is no longer making an offer to acquire LATAM airlines. Azul previously announced its intentions to buy the company, but decided not to bid after LATAM airlines announced its reorganization plans. Azul declared that...
