LATAM Secures Chapter 11 exit financing

During the weekend, LATAM Airlines Group

announced it had signed debt commitment letters with different financial entities, securing an exit financing from its Chapter 11 process. The airline is currently awaiting the ruling of the United States Court regarding its Reorganization Plan. 

Securing Chapter 11 exit financing

After an exhaustive search process, LATAM signed debt commitment letters with various financial entities, which represents a sign of market confidence in LATAM. This step allows the airline group to continue towards emerging from the Chapter 11 process during the second half of 2022.