LATAM’s $600M Senior Notes Issuance

Clifford Chance US represented LATAM Finance Limited, as issuer, and LATAM Airlines Group S.A. (“LATAM”), as guarantor, in the Rule 144A / Regulation S offering of $600,000,000 of 7.000% Senior Notes due 2026 issued and sold by LATAM Finance Limited, a finance subsidiary of LATAM, and guaranteed by LATAM. The proceeds are expected to be used for general corporate purposes.

The global coordinators and joint book-running managers were Goldman Sachs, J.P. Morgan Securities and the joint book-running managers was BNP Paribas Securities, Credit Suisse Securities (USA), Deutsche Bank Securities and Santander Investment Securities.

The Firm’s team was led out of New York by Banking & Finance partner Gary Brooks (Picture) and includes partner Emily Wicker and associates Jason Parsont, Rebecca Isaacs and Israel Augenstein. Partner Avrohom Gelber and associate Sean Smestad advised on tax matters.

Involved fees earner: Israel Augenstein – Clifford Chance; Gary Brooks – Clifford Chance; Avrohom Gelber – Clifford Chance; Rebecca Isaacs – Clifford Chance; Jason Parsont – Clifford Chance; Sean Smestad – Clifford Chance; Emily Wicker – Clifford Chance;

Law Firms: Clifford Chance;

Clients: LATAM Finance Limited;


Author: Ambrogio Visconti