Chile’s Latam Airlines guides seven-year notes in low 7% area; pricing expected Thursday

By Paul A. Harris

Portland, Ore., April 4 – Chile’s Latam Airlines Group SA is guiding a to-be-determined amount of dollar-denominated seven-year notes (B+/B+) in the low 7% area, according to a market source.

The Rule 144A and Regulation S offering is expected to price on Thursday.

BofA Merrill Lynch and Credit Suisse are the global coordinators. BNP Paribas, BTG Pactual, Natixis, and Santander are the bookrunners.

The notes come with four years of call protection.

The airline in based in Santiago.

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