LATAM looks to repurchase senior notes

victoria@aviationnews-online.com
By victoria@aviationnews-online.com July 15, 2019 09:28

LATAM looks to repurchase senior notes

LATAM Airlines Group (LATAM) has announced it is looking to repurchase senior notes.

The airline will offer to repurchase up to $300 million aggregate principal amount of its outstanding 7.250% senior notes due June 9, 2020.

LATAM said in a statement that it “reserves the right, in its sole discretion, subject to applicable law, to increase or decrease the tender cap; however, there can be no assurance that it will do so.”

The outstanding principal amount of notes stands at $500 million.

victoria@aviationnews-online.com
By victoria@aviationnews-online.com July 15, 2019 09:28