New Issue: Latam Airlines prices $700 million 6 7/8% seven-year notes at par

By Colin Hanner

Chicago, April 10 – Chile’s Latam Airlines Group SA priced a $700 million offering of seven-year notes at par to yield 6 7/8% on Friday, a market source said.

Yield talk had been in the 7% area, a market source said.

BTG Pactual, BofA Merrill Lynch, BNP Paribas, Credit Suisse, Natixis and Banco Santander were bookrunners for the deal.

The airline is based in Santiago.

Issuer:	Latam Airlines Group SA
Issue:	Notes
Amount:	$700 million
Maturity:	April 11, 2024
Bookrunners:	BTG Pactual, BofA Merrill Lynch, BNP Paribas, Credit Suisse, Natixis, Banco Santander
Coupon:	6 7/8%
Price:	Par
Yield:	6 7/8%
Trade date:	April 7
Settlement date:	April 11
Price talk:	7% area

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