LATAM’s $700 Million Notes Offering


Clifford Chance, Claro & Cia., Cleary Gottlieb Steen & Hamilton and Philippi, Prietocarrizosa, Ferrero DU & Uría have advised on the transaction

LATAM Airlines Group has priced an offering of of $700 million in senior unsecured notes. The offering has a 6.857% coupon and will mature on 11 April 2024. Proceeds from the notes will be used for general corporate purposes.

Merrill Lynch, Pierce, Fenner & Smith, Credit Suisse Securities LLC, Banco BTG Pactual SA, BNP Paribas Securities Corp., Natixis Securities Americas LLC and Santander Investment Securities Inc. acted as Initial Purchasers.

Clifford Chance LLP has advised LATAM Airlines Group S.A. with Gary A. Brooks (Picture), Nari Na, Jason W. Parsont and Rebecca S. Isaacs.

Claro & Cia. has advised LATAM Airlines Group S.A. with José Luis Ambrosy, Jaime Salas and Andrés del Sante.

Cleary Gottlieb Steen & Hamilton LLP has advised Merrill Lynch, Pierce, Fenner & Smith, Credit Suisse Securities LLC, Banco BTG Pactual SA – Cayman Branch, BNP Paribas Securities Corp., Natixis Securities Americas LLC and Santander Investment Securities Inc. with Adam Brenneman, Karen Maulhardt, Fernando Martínez, Josiah Child, Jane Song and María Fernanda Diago.

Philippi, Prietocarrizosa, Ferrero DU & Uría has advised has advised Merrill Lynch, Pierce, Fenner & Smith, Credit Suisse Securities LLC, Banco BTG Pactual SA – Cayman Branch, BNP Paribas Securities Corp., Natixis Securities Americas LLC and Santander Investment Securities Inc. with Marcelo Armas, Marcela Silva and Daniel Parodi.

Involved fees earner: Marcelo Armas Mac Donald – Philippi Prietocarrizosa Ferrero DU & Uría; Marcela Silva Gonzalez – Philippi Prietocarrizosa Ferrero DU & Uría; Daniel Parodi – Philippi Prietocarrizosa Ferrero DU & Uría; José Luis Ambrosy – Claro y Cia; Jaime Salas – Claro y Cia; Andrés Del Sante – Claro y Cia; Adam Brenneman – Cleary Gottlieb Steen & Hamilton; Karen Maulhardt – Cleary Gottlieb Steen & Hamilton; Fernando Martinez – Cleary Gottlieb Steen & Hamilton; Maria Fernanda Diago – Cleary Gottlieb Steen & Hamilton; Josiah Child – Cleary Gottlieb Steen & Hamilton; Jane Song – Cleary Gottlieb Steen & Hamilton; Gary Brooks – Clifford Chance; Nari Na – Clifford Chance; Jason Parsont – Clifford Chance; Rebecca Isaacs – Clifford Chance;

Law Firms: Philippi Prietocarrizosa Ferrero DU & Uría; Claro y Cia; Cleary Gottlieb Steen & Hamilton; Clifford Chance;

Clients: BNP Paribas; BNP Paribas Securities; BTG Pactual; LATAM Airlines; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Natixis; Banco Santander Sa; Credit Suisse Securities Limited; BTG Pactual(Cayman branch);

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Author: Ambrogio Visconti