Published on 5/29/2015 in the Prospect News Emerging Markets Daily.
New Issue: Chile’s Latam Airlines sells upsized $1.02 billion 4.2%, 4.5% trust certs
By Susanna Moon
Chicago, May 29 – Chile’s Latam Airlines Group SA said it upsized its private offering of two tranches of enhanced equipment trust certificates to $1,020,823,000.
The private offering consists of class A certificates with a coupon of 4.2% year with a final distribution date of Nov. 15, 2027 and the class B certificates with a coupon of 4.5% with a final distribution date of Nov. 15, 2023, according to a company press release.
Proceeds will be used to acquire equipment notes issued by four separate special purpose vehicles, fully owned by Latam.
The airline is based in Santiago.
| Issuer: | Latam Airlines Group SA
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| Issue: | Enhanced equipment trust certificates
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| Amount: | $1,020,823,000
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| Announcement date: | May 29
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| Distribution: | Rule 144A, Regulation S
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| Class A certificates
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| Maturity: | Nov. 15, 2027
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| Coupon: | 4.2%
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| Class B certificates
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| Maturity: | Nov. 15, 2023
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| Coupon: | 4.5%
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