Published on 2/4/2019 in the Prospect News Emerging Markets Daily.
New Issue: Latam Airlines prices $600 million 7% seven-year notes at 99.309
By Wendy Van Sickle
Columbus, Ohio, Feb. 4 – Chile’s Latam Airlines Group SA priced a $600 million offering of 7% seven-year senior notes at 99.309 on Monday, according to a news release.
Goldman Sachs, JPMorgan, BNP Paribas, Credit Suisse, Deutsche Bank and Santander were the bookrunners for the Rule 144A and Regulation S deal.
The airline is based in Santiago.
| Issuer: | Latam Finance Ltd.
|
| Guarantor: | Latam Airlines Group SA
|
| Issue: | Senior notes
|
| Amount: | $600 million
|
| Maturity: | March 1, 2026
|
| Bookrunners: | Goldman Sachs, JPMorgan, BNP Paribas, Credit Suisse, Deutsche Bank and Santander
|
| Coupon: | 7%
|
| Price: | 99.309
|
| Trade date: | Feb. 4
|
| Settlement date: | March 1
|
| Rating: | Fitch: B+
|
| Distribution: | Rule 144A and Regulation S
|
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